Landlords may be looking at bleaker time, but still being told to invest

April 4, 2012

CIA Let Property Blog

Landlords are now facing bleaker times with rent prices dipping and also the cost of mortgages rising.

In February the average cost of monthly rent was down 1.6%, in England and Wales the price went from £719 (at its highest in October 2011) and went down to £707.

The big mortgage giants are now upping the cost of borrowing. The Daily Mail have reported that Santander and Leeds BS have now increased their mortgage rates, they are blaming the Euro zone crisis for this price hike.

Landlords have been told to keep investing as price of renting is staying high and house prices are expected to stay where they are for the next few years.

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