News from the Residential Property Investor, the bi-monthly magazine for RLA members other artilces from the August / September 2003 issue RPI news archive

Accreditation the way forward - August / September 2003

A 'sharp increase' in buy to let borrowing has been reported by ARLA, the Association of Residential Letting Agents.

Figures provided by ARLA's panel of mortgage lenders showed that 38 per cent more buy to let mortgages were taken out in the three months to September than in the previous three months. The average monthly value of lending was up by 43 per cent.

Tracker mortgages were the most popular in all areas.

Tracker mortgages were the most popular in all areas.

'These trend figures show clearly that the north/south divide is no more, so far as investment in residential property is concerned', commented ARLA president Robert Jordan.

Buy to let mortgages averaged £68,000 in the north west, £65,000 in the north east, £67,000 in Scotland, Wales and Northern Ireland, £162,000 in central London, and £79,000 in the midlands.
 

other artilces from the August / September 2003 issue

• Accreditation the way forward
• Licensing should be 'unfettered'
• Avoiding unnecessary electrical shocks
• Renting is 'more acceptable' choice
• Opposition to HB penalty plan
• House prices continue to climb
• Landlord faces retrial over killing
• In brief
• Tenant wins right to set off
• Work / live development rules too rigid
• Urgent improvement needed to National Asylum Support Service