3 in 4 buy-to-let landlords making a profit
Research from buy-to-let mortgage expert the Money Centre claims that 75% of landlors are “turning a profit” despite the recession.
The figures show that roughly the same amount of buy-to-let landlords are making a profit from their property as were in 2007 at the height of the housing boom.
In fact, in the last few months of 2008 buy-to-let profits increased by 5%, the research said.
February 2nd, 2009 at 11:16 am
I’d expect this to be the case. After all, dispossessed houseowners need somewhere to live.
February 3rd, 2009 at 5:55 pm
No surprises there. Rent must be fairly reliable at the moment, and many mortgage rates dropping.