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    Lenders cut mortgage rates amid tariff turbulence

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Buy-to-let investor presence remains strong

by admin1
May 23, 2006
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The house builder has sold almost half of the units at four key apartment developments in the Bristol area to investors since March.

All the UK House Price Indices are showing upward curves, with the average home in the UK now costing £163, 000.

This positive growth is continuing to drive investors into expanding their buy-to-let portfolios, even though borrowing is probably about to become more expensive.

Philip Davies, Chief Executive of Linden Homes, said: “The buy-to-let market has continued to gather momentum over the first half of the year and so far, speculation about rising interest rates throughout April and May is having little effect on investor confidence.”

The Bank of England warned last week that rates would be likely to rise due to surging energy prices causing higher inflation.

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Compared to this time last year the buy-to-let market is vibrant, driven by strong rental demand that shows little sign of subsiding, spurred on by increasing household break-ups, growing student populations and increased immigration.

This is combined with a more realistically priced second homes market and a general lowering of expectation regarding sale prices.

Davies said: “Professional investors are expecting far more from developers than they have done previously, such as good value furniture packages, exceptional quality of build and strong rental guarantees.”

Linden Homes has responded to this continued demand with its new Linden Investors Club, offering many benefits including discounts and advanced details of forthcoming Linden Schemes and Incentives.

Investors and first-time buyers are snapping up apartments at Linden Homes’ Fushion development in Kingswood Bristol, with just 12 units remaining for sale.

Check house prices here

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