Buy-To-Let could become something that only the rich can afford, a report by Royal Institution of Chartered Surveyors indicates.
Banks are requiring deposits of 15% and monthly let incoming to exceed mortgage expenditure by 25%. This means potential landlords buying an average home needing deposits of £65,000 compare to only £10,100 five years ago.
A slow down could be avoided though as existing landlords are able to expand their portfolios further by using their current investments.
If you are considering a Buy-To-Let property, find today's lowest rates in our Compare Buy To Let Mortgages table. Please be aware that buy to let mortgage are not typically regulated by the FSA.
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