Mortgage costs may force landlords to withdraw

[Landlord]

A recent report from the Royal Institution of Chartered Surveyors (Rics) warns that rising costs could result in large numbers of landlords withdrawing from the buy-to-let market.Since the autumn, the costs involved in many buy-to-let mortgages have risen steeply.Arrangement fees have increased to up to 5% of the loan amount, so that even modest remortgages [...]

More: Mortgage costs may force landlords to withdraw

[MarkD]

You can always tell when a market is becoming overheated when everyone is talking about doing it. On another BB too many people have been looking for highly geared deals e.g. 90% ltv rather than the more typical 85%. Too many have also been looking for lower rental covers than the typical 120%-130% i.e. as low as 100%, a formula for disaster if ever there was one. Although the recent reduction in interest rates has eased problems I'm sure there are still a few landords out there desperate for further cuts!

[lilies34]

thanks for the update!

[gilbertimlay]

thanks for sharing information with us.