The latest Bank of England interest rate rise to 5.5% has seemingly pushed a number of buy to let investors to sell their properties according to recent figures.
The Royal Institute of Chartered Surveyors (RICS) said that more than 5% of landlords opted to sell during the quarter to the End of April 07 which represents the highest number for the past two years.
In recent yars, low cost loans and mortgages and the rising cost of housing have encouraged considerable numbers of people to invest in buy to let type investments although four interest rate rises since August of 06 and the predicted slowdown of house price rises will have undoubtedly taken their toll on rental yields and profits.
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