Article Categories

»	Arts & Entertainment
»	Automotive
»	Business
»	Careers & Jobs
»	Education & Reference
»	Finance
»	Food & Drink
»	Health & Fitness
»	Home & Family
»	Internet & Online Businesses
»	Miscellaneous
»	Self Improvement
»	Shopping
»	Society & News
»	Sports & Recreation
»	Technology
»	Travel & Leisure
»	Writing & Speaking

Reprint Article Code

Category: Articles » Finance » Mortgages » Article » Article Code

UK Landlords find Off Plan Buy to Let market in peril in 2007

Higher UK interest rates and a rapid rise in repossessions are on the cards again for the beginning of 2007. Has the buy to let market for property in the UK peaked? Not according to industry experts. The actual percentage of buy to let mortgages in the UK is in the region of 8%, a figure out of all proportion to the UK national mortgage rates, mostly due to the press coverage. New builds are certainly suffering from buy to let over exposure. Huge tracts of houses and flats in the UK are now being built by builders ... read more

Article Title:

Article Body:

Higher UK interest rates and a rapid rise in repossessions are on the cards again for the beginning of 2007. Has the buy to let market for property in the UK peaked?

Not according to industry experts. The actual percentage of buy to let mortgages in the UK is in the region of 8%, a figure out of all proportion to the UK national mortgage rates, mostly due to the press coverage.

New builds are certainly suffering from buy to let over exposure. Huge tracts of houses and flats in the UK are now being built by builders anxious to cash in on the buy to let boom before it fizzles out. THese builders are offering all kinds of incentives to first time buyers, that are really aimed at buy to let investors.

Stamp duty paid, free commuting rail passes, one year mortgage free etc, are all on offer in order to entice the buy to let investor to buy more and more new builds. The huge problem is that there is no sure fire way of valueing these properties, and many mortgage lenders are now exiting the new build buy to let mortgage market. The other massive concern for investors must be the huge amount of competition from other landlords once these developments come to the rental market. Just because you may have a smart financial business plan, it doesn't mean that other landlords are that smart.

What's it got to do with me you may ask? Well, if these not so smart landlords are cutting corners, and asking for reduced rents just to fill void periods, and banking on sharp rises in property values to cover their rental losses, then you will affected big time. The tenants don't care whether as a buy to let property investor you are covering your monthly mortgage costs or not!

This kind of 'investing' is one of the dangers of attending most of the property seminars in the UK. To find out more about how to avoid falling into these traps and generally the secrets of what goes on at these property seminars, you can get a free sample copy of my book from my website http://www.maskedinvestor.com

Author Bio:

Some other recently published mortgages articles

Should I Refinance My Adjustable Rate Mortgage? by RJ Baxter
Millions of Americans nationwide currently have an adjustable rate mortgage (ARM) on their home that is set to adjust in the next couple years. Many are wondering what they should do. Should ...

The 'New Congress' Fiddles Away Valuable Time… As The 275,000 Insurable Limit For Home Equity Conversion Mortgages (Reverse Mortgages) by Dale Rogers
While the 'New Congress' puts a full court press on the first 100 hours of control, almost three weeks have been spent on a "non-binding" resolution loaded with political positioning and posturing for future replays. High ...

Online remortgage quotes Are Available within Least Time by George Cummings
In today's world, remortgage has become very popular in the UK, because people are opting for loans by keeping assets as mortgage. If you are paying higher interest rate ...

The UK Consumer's Guide to Shopping for Mortgages Online by Mary Simone
Starting with the absolute basics, a mortgage is a loan for a house or other piece of property, financed by a bank or other ...

Mortgage by Ismael D. Tabije
A mortgage is a method of using property (real or personal) as security for the payment of a debt. It is an arrangement whereby a lender (the mortgagee) dispenses money to a ...

Low Mortgage Rates by Kuntal Mehta
Low mortgage rates have been instrumental in realizing the dreams of a home of millions around the world. One reason for the real estate boom could be attributed to low mortgage rates. With increasing competition among banks ...

Publisher Guidelines

You may reprint this article electronically in your newsletter or on your website, free of charge.

If you reprint this article from our site, then you must keep everything intact. This includes the articles title, author name, articles body, authors bio / resource box, the links contained within the article, all copyright notices and the link pointing back to our site. All links within the article must also be made active / hyperlinks.