The buy-to-let market in Scotland has "excellent" prospects, one expert has claimed.
David Kendal of the National Landlords Association (NLA) explained that rental yields are increasing, meaning there is greater scope for profit in the sector. And while the credit crunch might mean that it is hard to get a buy-to-let mortgage on a property, this is not necessarily bad news for everyone. He said: "A result of that may be that there will be less new buy-to-lets coming on the market, so investors who are already in the game will do quite well. Find a best-buy mortgage "There won't be as many investors coming in this year, as there have been in previous years." He added that the housing market in Scotland is more stable than that in the south-east. The Scottish market does not experience a boom and bust cycle, he concluded. According to the Bank of Scotland's Scottish House Price Index, house prices in the country rose by 2.4 per cent in the last quarter of 2007. This compares to a 0.8 per cent fall in the UK as a whole.
Date: 31st, March, 2008
ADVICE TO READERS
While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.
Enter your postcode here to find out how much your property is worth, based on Land Registry data.
Enter the following information to calculate the amount you can borrow.
First Income: |
|
Second Income: |
|
RSS Feed
Delicious
Digg
reddit
Facebook
StumbleUpon