Buy-to-let inflating house prices

Buy-to-let investors, according to the Association of Residential Letting Agents (ARLA), are not making it difficult for first-time buyers to enter the market. The regulatory body has said that investors tend to move in the middle market so, the result do not have a great effect on the first-time buyers. Recent searches that buy-to-let Mortgages inflate some housing prices in the last few years.

Malcolm Harrison, a spokesman for ARLA, said that the buy to let investors tries to go into the middle market; and buy-to-let, until very recently, has done no more than refinance big chunks of the private rental sector, and only in the last year or so has actually helped to grow the private rental sector.

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