Myths about the London buy to let market

News in the Independant newspaper today that the former Prime Minister Tony Blair's is likely to come unstuck with his property acquisition in Connaught Square, W2 doesn't ring true with Chard's experience both of the family house market of property for sale on the Hyde Park Estate and the buy to let market which the paper reports is now especially "vulnerable".

Chard's Bayswater estate agent team has a queue of buyers for sub 4M family houses in the area should Blair wish to sell! And as for the buy to let market - a few landlords buying with borrowed deposits and unaffordable finance are now out of the game - as are FTBs who were trying to borrow 5 and 6 times incomes on fixed rate mortgages. But these buyers only ever had walk on parts in the prime areas of Central London. The real story is that more people are renting and shrewd (opportunist?)landlords are now buying up affordable one and two bedroom flats to cater for the rising demand and to take advantage of increased yields.