Landlords Building Up Cash Piles
‘Landlords are preparing themselves for a much publicised softening property market by refinancing their portfolios rather than trimming them down,’ so says Lee Grandin, managing director of Landlord Mortgages, a buy-to-let mortgage broker at www.lml.co.uk
Grandin believes that investors are putting themselves in a strong position by (building up cash reserves) to snap up potential bargain properties if the property bubble bursts.
I agree compeltely with Mr. Grandin on this point - and as a broker it's honest of him to say it.
You'll know my last post looked at the gap bewteen rental returns and costs in Manchester. And there is a similar gap in London, though maybe not quite as severe as Manchester.
All the more experienced investors I know are buying houses with gardens, not apartments (though flats can still do well, it's in very limited areas) or they are sitting on their cash and waiting.
Back to my main site at www.lettingfocus.com
Ps Finally, as I was out in a t shirt last night, I got to wonder when and how will the markets - stock and others- "price in" the risk and the effects of global warming! Now there's a thought!
Grandin believes that investors are putting themselves in a strong position by (building up cash reserves) to snap up potential bargain properties if the property bubble bursts.
I agree compeltely with Mr. Grandin on this point - and as a broker it's honest of him to say it.
You'll know my last post looked at the gap bewteen rental returns and costs in Manchester. And there is a similar gap in London, though maybe not quite as severe as Manchester.
All the more experienced investors I know are buying houses with gardens, not apartments (though flats can still do well, it's in very limited areas) or they are sitting on their cash and waiting.
Back to my main site at www.lettingfocus.com
Ps Finally, as I was out in a t shirt last night, I got to wonder when and how will the markets - stock and others- "price in" the risk and the effects of global warming! Now there's a thought!
This entry was posted by lettingfocus, on
Friday, December 15, 2006.
