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Property investors driving UK mortgage demand

Date: Tue, 28 Jun 2005

Property investors are helping boost demand for UK mortgages, according to new research.

A study conducted by John Charcol suggests that the growing buy-to-let market is being dominated by landlords with ten or more properties rather than part-time investors.

"The buy-to-let market is built on much firmer ground than recent warnings have suggested," said John Charcol's senior technical manager, Ray Boulger.

"Far from being propped up by legions of cautious first-time landlords, the market is dominated by professional investors who take a long-term view of their portfolio of property investments.

"These landlords have also been able to take advantage of a number of great products recently to further enhance the return on their investment."

The research also showed that 97 per cent of buy-to-let investors plan to keep their investment properties even if the housing market starts to fall, with many wishing to hold on to the properties for at least ten years.

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