Landlords surge back into buy-to-let mortgages
Property owners with landlord insurance are surging back into buy-to-let mortgages.
Estate agent haart has revealed a sharp increase the number of buy-to-let mortgages taken out since the start of this year.
On the face of it though, it is hardly surprising the buy-to-let sector has become so popular considering that private sector rents continue to push ever higher.
The figures perhaps also indicate that mortgage lenders now appear to be more willing to lend to potential landlords than they have been in recent years.
This has allowed not only existing landlords to increase the level of their holdings but has also attracted new landlords into the buy-to-let sector.
With the situation in the general housing market looking fairly flat and stocks and shares increasingly risky, the buy-to-let market continues to look a decent bet for investors – and not simply over the short term.
Few are predicting an imminent recovery for the mainstream housing market and this effectively means that the lettings sector will remain strong for the foreseeable future.
Whether you are an existing landlord or a newcomer, it is important to ensure that you take out buy to let insurance to protect your investment.