No Slowdown for Buy to Let Market

The buy to let mortgage market is showing no signs of slowing down, according to a leading provider.

Relatively low interest rates have encouraged more and more people to look at residential property as a potential long-term investment.

Despite the current slump in housing market activity and concern about the state of the economy in general, buy to let investors have kept their faith.

"We feel that the outlook for the buy-to-let sector is positive with nothing to suggest a slow down in the demand for rental property on the horizon," said Paul Howard, director of the Mortgage Works.

"The recent reduction in interest rates have certainly helped to make the purchase of buy-to-let property more affordable than ever," he added.

With the pensions industry receiving so much bad press, buy to let property will be providing for many a retirement.