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No sign of buy-to-let bubble bursting

The bursting of the buy-to-let bubble isn&#39t as imminent as expected, says Robert Jordan, president of ARLA.

He believes that the constantly evolving and increasing segmentation of the market and the consumer approach to protection for tenants will ensure this.

Jordan says: “When ARLA launched buy-to-let we started with what has become traditional buy-to-let. This is where a long-term investor looks to both maximise rental income and enjoy a capital gain.

“Now there is a new phenomena in the market, &#39nest-egging&#39. This is when buy-to-let investors put down a fairly high deposit to acquire a residential investment property. Their expectation is to cover costs or even to live from time to time with a negative return. This is not a concern as the objective is to save with the help of rental income and make a long-term capital gain.”

Jordan also points out that when the chancellor finally introduced property investment funds, the entire psychology of vacant possesion changed and that there is a growing market in ready-tenanted buy-to-let properties.


Elephant Loans appoints BDM

Elephant Loans has appointed Mike Parker to the newly-created post of business development manager. Parker takes up the position 16 months after joining the company as sales manager within the secured lending division. In his new role Parker will be directly responsible for the management of Elephant Loan&#39s broker services, providing professional introducers with a […]

Number of housebuyers falling, says NAEA

The number of housebuyers on the books of estate agents fell by 13.6% last month, figures released by the National Association of Estate Agents show. The NAEA&#39s monthly survey of almost 10,000 agents across the country also revealed that new applicant enquiries fell 24.1% over the last three months, as homebuyers demonstrate an unwillingness to […]

FSA will not postpone Mortgage Day deadline

The FSA has declared there is “no hope” of postponing Mortgage Day from October 31 in response to rumours that lenders are struggling to be ready. Industry sources have told Mortgage Strategy some lenders are saying they want an extension of the deadline, but no lender will confirm or deny this. Robin Gordon-Walker, spokesman for […]

AToM appoints manager for direct sales operation

All Types of Mortgages has appointed Tracey Field as manager of its direct sales operation. Field has over six years experience in the mortgage industry and joins AToM from The Mortgage Times. This newly created position will see Tracey report directly into Darrell Scholes, business development director. Tracey joined Mortgage Times in 2001 as a […]


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