North’s buy-to-let mortgages increase as rental market thrives

The number of buy-to-let mortgages in the North has almost trebled over the past 18 months, according to the area’s biggest estate agent.

16th December, 2006

The number of buy-to-let mortgages in the North has almost trebled over the past 18 months, according to the area’s biggest estate agent.

Desmond Turley, a partner in Ulster Property Sales, said that in 2004 buy-to-let investments accounted for one in ten sales, but the figure now stands at one in four.

Since February the price of property in the North, particularly at the lower end of the market, has risen by more than 50...

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