Despite the increase in interest rates over the past year, buy-to-let mortgages are still very popular. In fact 12% of all new loans in the past 6 months have been for buy-to-let mortgages. The Council of Mortgage Lenders says these types of mortgage account for 10% of all mortgage types - a rise of 3% from 2002.
There are concerns of another Bank of England base rate increase to 6%. Will this finally slow the buy-to-let market down?
Read the complete article at the Times website here
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