Alliance & Leicester: Number of landlords on the up by Finance News Bulletin

Published: 15/03/07

The amount of people looking to become landlords was on the rise during December, according to Alliance & Leicester Mortgages researchBuy-to-let applications rose by 23 per cent in the last month of 2006 - with 70 per cent of these for products with a loan-to-value of less than 75 per cent - representative that this year could see a buy-to-let marketplace boomAlliance & Leicester Mortgages also reports that the average put gained from an investor landlord rose by more than £1,500 during last DecemberMehrdad Yousefi, skull of intermediary mortgages at Alliance & Leicester, stated: "In a increasing base rate environment, figures show that some investor landlords are beginning to choose for bottom rate tracker mortgages, which are competitively priced at between 13 and 38 basis points below fixed-rate mortgages

"He went on to say the average property buy made by investor landlords in the UK stood at £230,806 in December, which represents a figure 24 per cent senior than the price of the average propertyThe most popular manufactured goods among investor landlords proved to be fixed-rate mortgages, with two or three-year fixed-rates

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