Buy to let mortgages may continue to support the overall mortgage market, according to experts at Nationwide . Buy to let continues to be buoyant, and this ongoing strength could underpin a mortgage loan market that slipped somewhat during January.
The question of whether house prices will continue to climb, stay stable, or slip could be influenced by the buy to let market. The chief economist at Nationwide, Fionnuala Earley, reportedly said that the mortgage market would be kept steady by a weak supply of properties. Supply constraints and high demand keep house prices climbing. She reportedly said: "This lack of supply will mean that house price inflation will remain firm for a while longer, before gradually easing."
Buy to let seems to go from strength to strength. According to recent figures from the National Association of Estate Agents, letting remained strong during 2006, indicating renewed strength for the buy to let sector.
Buy to let will support mortgage market
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