Buy-to-let still kicking, argues Landlord Mortgages

Specialist buy-to-let broker Landlord Mortgages says landlords still expect to purchase an average of three properties during 2005, the same number as last year. Landlord Mortgages adds, however, investors only intend to remortgage two properties in their portfolio, a drop from the average of four during 2004, which Landlord says is because fixed-rate mortgages were purchased last year, generally tying investors in for at least two year periods. Average BTL investors’ property portfolios consist of six properties, the company says. On Friday, mortgage lender Halifax reported a 0.5%...