Finance for landlords 'is relatively affordable'
News Category: Industry News
Published: 13-Jul-2010
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Landlords seeking finance in order to make more buy-to-let purchases will find that the sector is quite stable at the moment.
According to landlord advice and information website Property Hawk, finance is also "relatively affordable".
Chris Horne, editor at the site, stated that property prices are dropping - which is good news for landlords.
"Rents are rising - the latest statistics show that rents have rebounded over the last six months - so I think generally landlords have seen a stable picture," he said.
The Property Hawk editor added that some landlords may decide not to rent the homes they own to people who live on benefits, because of the new capping of housing benefit.
He said this is because rents may drop if tenants are suddenly unable to afford the money they had initially agreed to pay.
Mr Horne was speaking after research by online letting agent Upad.co.uk found that 60 per cent of landlords are more confident about their future now compared to last month.
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