Buy-to-let landlords searching for cheaper properties
The Mortgage Advice Bureau has published data that indicates that increasing numbers of buy-to-let landlords are searching for mortgages on cheaper valued properties. The findings show that 70% of investors looking for a buy-to-let mortgage in Q3 2015 based their search on a property valued below £250,000. This represents a 17% increase on the same quarter last year. The search for cheaper investment properties comes as average UK house prices continue to rise, encouraging landlords to invest in areas outside the South of England.
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