Landlords are leading the charge in Britain’s resurgent housing market, snapping up properties while interest rates are still low.The only sector growing faster than new buy-to-let lending was remortgages, as existing home owners and landlords rushed to lock in a new deal before interest rates go up – a change that is expected to take place in the next 12 months. Owner-occupiers took out £5.1bn in remortgage deals, up 34pc on the year, while existing landlords swapped current loans for new deals amounting to £2.2bn – up 69pc on the same period of 2015.
Landlords are leading the charge in Britain’s resurgent housing market, snapping up properties while interest rates are still low.The only sector growing faster than new buy-to-let lending was remortgages, as existing home owners and landlords rushed to lock in a new deal before interest rates go up – a change that is expected to take place in the next 12 months. Owner-occupiers took out £5.1bn in remortgage deals, up 34pc on the year, while existing landlords swapped current loans for new deals amounting to £2.2bn – up 69pc on the same period of 2015.
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