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Buy-to-let mortgages still booming

Date: 1 March 2005

People with buy-to-let mortgages remain confident and some are planning to add to their portfolios.

Research out this week showed that 38 per cent of landlords plan to buy new property this year.

The Council of Mortgage Lenders (CML) found buy-to-let customers were upbeat and only six per cent were planning to sell this year.

Despite the recent rises in interest rates and concern about house price inflation, the majority (60 per cent) of respondents planned to stay in the private rental market for at least the next ten years.

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