20,000 FTBs chose BTL over buying a home last year🏡
With property prices up 10% in the last year, interest rates on the rise, the cost-of-living biting, and lenders tightening their criteria, first time buyers have rarely faced such difficulties in getting on the housing ladder.
This could go some way to explain why 20,000 first-time buyers chose buy-to-let properties rather than buying a home to live in last year. Independent finance broker Norton Finance has reported a 5% increase in the number of buy-to-let applications from first-time buyers in the 12 months. To continue reading, please Click Here