Wednesday, 5 October 2011

Happy birthday, buy-to-let

Buy-to-let, a term 15 years old this month, is experiencing something of a renaissance amid punishing interest rates and strong rental demand.

Last Saturday marked 15 years to the day since the Association of Residential Lettings Agents coined the phrase 'buy-to-let'. The term was dreamt up to describe an innovative fast-track route to property investment in which any duffer with access to a deposit – and in some cases, not even that – could finance the purchase of property and allow a tenant to pay the mortgage.

Click here to read the full story Happy birthday, buy-to-let