Buy To Let Market Still Strong
The number of individuals buying properties in Winchester as a means of generating rental income looks set to increase, according to information released by some of the UK's mortgage lenders.
It had been thought that recent interest rate rises might lead to a slowing of the buy to let market.
Bradford & Bingley announced yesterday that it expects to make annual profits of approximately 9% this year, with income largely being driven by BTL mortgage growth.
This continued expansion of the buy to let market can be attributed by increasing immigration numbers and by demand led by the UK's students.
Winchester is in a particularly good position to benefit from increased student numbers, with the University of Winchester continuing its own steady rate of growth.
Filed: 22 June 2007
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