11:37 AM, 14th December 2010, About 12 years ago
As a stand alone question, the logical answer would be ‘of course not!”. However, some landlords are doing this and for very good reasons.
In some areas of the UK, rents have increased substantially as a result of high demand and low supply of quality rental property. The lack of mortgage finance has contributed to the high demand for rental property but has also contributed to low values. If people can’t obtain mortgage finance (owners and investors) the value of property falls. When mortgage availability improves what is likely to happen to property values?
Some investors have recognised this opportunity and are looking to cash in on it.
It’s a numbers game at the end of the day and sometimes it is worth paying the higher rates if there is enough equity in a portfolio to create opportunities to buy.
The key factors to consider are:-
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