Buy-to-let mortgages on the rise

With all the bad news surrounding the housing market, there is one group of buyers that is beginning to return to the market – buy-to-let investors. Figures recently released indicate that more mortgages were written in August 2011 than in any other month since May of the previous year.

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Foreclosures Give Rise to Buy-to-Let Mortgage Demand

Although the mortgage market is still substantially below what it was when the market was peaking in 2007, the Council of Mortgage Lenders recently stated that the market for buy-to-let mortgages is on the rise. Not only is a tight residential mortgage market cause for this increase in demand, but also the fact that many homeowners have been foreclosed upon and are seeking rental properties.

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