I have real concerns for new landlords about the meltdown in the btl mortgage market.
Im finding it incredibly difficult to refinance at the moment and are going to stick to my current deal even though its dropped off its discounted rate. Once Ive factored in remortgaging costs there arent any deals around that will make me any better off.
Those property investors who are highly geared or who have just entered the property market are going to find it difficult to keep their finances intact and are starting to look highly vunerable.
There are definately some stormy waters ahead for landlords.
This Guardian Article continues to spread gloom on the short term outlook for Buy to Let Property.
It just keeps raining and I cant see if this miserable weather is ever going to end.
Maybe we should take the biblical investment tip and invest in house boats to weather the storm.
Would an ark be classed as a HMOs?
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