Finance news from Loans Park

London (Loans Park) July 17, 2007:

Recent data from Birmingham Midshires show that owners of buy to let properties have received a 13 per cent income in comparison to 11.9 per cent the previous year.

It is reported that terraced type houses were the best performers in the terms of rental profits in the last one year. Even though the house prices are reportedly going through a slowdown due to the recent base rate increase, there is scope for increase in rents in the buy-to- let properties, thus reinforcing hope for investors. 

With reports from a leading financial provider claiming that more and more British consumers aiming to climb the property ladder soon, there is no telling when the real estate rates will swing back, interest or not. In fact many homeowners are already cashing on this price slide and borrowing secured loans to buy more property.