Buy-to-let landlords equipped to deal with interest rate rises
A new survey from YouGov indicates that landlords are financial resilient and able to deal with rises in interest rates. When asked if they could cope with a 1.5% rise in the Bank rate, three quarters of respondents foresaw no problems in paying their mortgage. Bob Pannell, chief economist for the Council of Mortgage Lenders (CML) pointed out that landlords identify a range of options for dealing with higher mortgage costs, including ready access to contingency funds and positive cash flow that rental payments currently provide.
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