More people thinking about buy-to-let mortgages

31 January 2005
Confidence in the buy-to-let mortgage market is increasing, according to a survey by the Homebuyer Show.

The show's figures reveal that more than 70 per cent of Britons say they are relying on buy-to-let property for their future income.

New data from Paragon Mortgages reveals that over 2004 buy-to-let returns were up 31 per cent.

The news comes as general property values are stabilising, in December values dropped just 0.3 per cent to £152,834.

Adam Applegarth, the chief executive of Northern Rock said this week that the future for the buy-to-let market is strong, as high levels of debt and house prices will see young people renting for longer.

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