Buy to Let Drop

Over half of buy-to-let investors are convinced interest rates will decrease over the next 12 months, with 64% believing the base rate has already peaked, according to Property for Life’s investor confidence tracker.

Over the next year, 54% expect a decrease in interest rates, with only 18% expecting an overall increase compared to 34% the preceding month. As a result the proportion of investors believing now is a good time to buy property has increased to 76% in October, up from 72% in September.David Austin, managing director of Property for Life, commented: “No matter what the critics say, the buy-to-let market remains buoyant. The belief among investors that the base rate has peaked appears to have led to an increased feeling of security, prompting a greater percentage to be confident that now is still a good time to buy investment property.”