Investment Property News - Bueno Investments Limited

Buy-to-let landlords are riding out the storm following the credit crunch but new property investors are finding it difficult to enter the sector, a new report claims.

The Royal Institution of Chartered Surveyors said the problems in financial markets have caused buy-to-let mortgages to “dry up”.

There are now fewer of the products on offer, and there is less variety for new investors to choose from as firms tighten their lending criteria, it added.

But investors who are already letting out homes benefited from the current problems in mortgage and housing markets, as demand for rental property and rents increased.

Rics spokesman Barry Hall said: “While banks remain cautious about offering loans, demand for rental property will continue to increase with many would-be buyers unable to make the jump to home ownership.

“Established investors continue to reap the benefits of the current uncertainty in the housing market and have been enjoying the fruits of rising rents, but new investors are struggling to get the necessary finance to enjoy this buoyant sector.”

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http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.rics.org/ (Royal Institution of Chartered Surveyors)