Buy-to-let market predicted to remain stable according to National Homebuyers

As house prices begin to stall and even fall in some areas, industry experts are looking to the activity of buy-to-let investors as a barometer of how the wider market is performing.

[UKPRwire, Thu Jan 03 2008] Fionnuala Earley, the chief economist at Nationwide, said interest rates cuts and the steady demand from tenants will help to keep the buy-to-let market buoyant.

"There will be those investors who want to crystallise gains, but those will be the speculators who are struggling to get tenants," Ms Earley told the Times.

"We are in a market where there is great tenant demand because first-time buyers are unable to get on to the housing ladder."

The Council of Mortgage Lenders recently revealed that the number of buy-to-let landlords outstripped first-time buyers for the first time last year.

According to Halifax, 300,000 first-time buyers entered the market last year, 44 per cent fewer than in 2002.

The UK's leading fast property purchase firm National Homebuyers says landlords predicting a tough financial time should consider a quick property sale to avoid further financial distress. "We are assisting many landlords who simply invested at the wrong time.

"The rental market, although stable, is marred by the fact that the value of the property is going down, as interest rates are going up.

National Homebuyers are the UK's leading quick house sale company that guarantees to make an offer on any UK property, regardless of its condition or location. The company are the UK's leading provider of mortgage rescue schemes.

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