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TODAY'S OTHER NEWS

Bank gives upbeat assessment of investors considering buy to let

Data produced by Sainsbury’s Bank Mortgages gives a trend-bucking upbeat assessment of investors’ renewed interest in buy to let. 

Figures siuggest that almost one in 10 adults in this country have shown an interest in taking out a buy to let mortgage. 

Of those taking out or considering a BTL mortgage, over a third say a change in income had inspired them to do so, while three in 10 remain encouraged by the current opportunities for growth within the buy to let.

A quarter are considering BTL after receiving inheritance and many here may have found themselves “accidental landlords”. 

When it comes to purchasing a property, just over half of potential landlords have considered buying a house, with 46 per cent having considered purchasing new builds prior to this year. 

Some 46 per cent have also considered purchasing a flat.

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