The credit crunch doesn't seem to have hit the buy-to-let market. During the 12 months up to June, the number of BTL mortgages increased by 176,500. That is almost 15,000 a month.
What is going on ??? Do these people think prices are going to start rising by 10% a year again soon ??? Would they borrow to buy into a falling stock market ? With BTL making up 60% of the London market how can people say there is a property shortage ? Surely it is more a case of a lack of shares is a stock market ?
What will happen in three years time when BTL investors are sitting on big losses ?
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