Housing minister reveals plans - buy to let mortgages

19 June 2009

The new housing and planning minister wants housing investment to be "more visible".

John Healey, who was speaking at this week's Chartered Institute of Housing Conference and Exhibition, said that he also wants the sector to be "more comprehensive".

What this means for people with buy to let mortgages is unclear, but he suggested that the UK public needs to support property investment.

Addressing the delegates at the Harrogate event, Mr Healey remarked: "I would expect all of you - agencies, housing associations, local authorities - to do more as well."

Earlier this month, editor of Property Hawk website Chris Horne said that anyone planning a buy to let investment in the near future should ensure they conduct extensive research into the industry.

He also claimed that landlords need to know their investments should be viewed as long-term money-making schemes, not something that will make them cash in a matter of years.

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