UK Money News
26th February 2008
Property still attracting investors
Property was still attracting investors in the second half of last year, despite the impact of the credit crunch.
The global financial markets were plunged into crisis during the final months of 2007 after the US sub-prime mortgage market collapsed.
But despite a more hostile lending environment, buy-to-let investors continued to borrow.
Figures from the Council of Mortgage Lenders (CML) revealed that loan applications, including remortgages, increased to 179,000 in the second half of last year, up from 171,000 on the first six months.
"Tenant demand for private rented property remains strong and buy-to-let is fulfilling an important role in helping to deliver an increased flow of high quality homes to rent," said Michael Coogan, CML director general.
"Buy-to-let has remained resilient in the face of the funding constraints that have affected the sector and the wider mortgage market."
Investors may be hoping to take advantage of the slowdown in the property market and pick up some bargains to add to their portfolio.
If they have money to put down, they will remain more appealing to lenders and will therefore enjoy more competitive borrowing rates.
back to February's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
