Buy-to-let is now only for the rich
Story date: 2007-11-08 08:04:00
Added on: 2007-11-09 00:37:00
Reuters UK - ... RICS) says the buy-to-let market is now so inaccessible to the average investor that only the wealthy can afford to become landlords. Rising interest ... Prospective landlords must generally prove that rental income will exceed 125 percent of mortgage ...
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