Financial Times FT.com

Rate rises fail to halt UK buy-to-let rush

By Jim Pickard, Commercial Property Correspondent

Published: August 24 2007 20:14 | Last updated: August 24 2007 20:14

Investors are continuing to plough money into the buy-to-let market, despite fears that rising interest rates have made the sector unsustainable.

Five increases in the cost of borrowing since last summer mean that the rent on a typical property no longer covers its mortgage costs, unless the buyer puts down a huge deposit.

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