Released on = June 11, 2007, 6:53 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = Buy-to-let mortgage holders could be in for a rough time as
the growth in demand for rental property shows signs of slowing.

Press Release Body = In its latest residential lettings survey, the Royal
Institution of Chartered Surveyors (Rics) reported that demand for lettings grew in
the first quarter at its slowest rate since the beginning of 2005.

Just 16 per cent of surveyors said they had seen an increase in demand for rental
property in April, Rics said, compared with 28 per cent of surveyors in January.

Various causes for the drop-off in demand were suggested, including recent increases
in rents prompted by increases in interest rates, and a move by many renters to buy
in to the property market instead.

Mark Wilson, a letting agent based in London, said that the increased rents now
being demanded by landlords was the biggest threat to the buy-to-let industry.

\"Our market has slowed over the past months, as a result of fewer enquiries,\" he
admitted.

\"Can the market sustain the rent hikes? We will need to wait and see.\"

Julian King, director of National Homebuyers says: \"Lenders are designing the
financial problems that landlords will face.

\"100 per cent mortgages could be disastrous for the novice landlord, forcing them to
part with their entire rental income to the lender each month.

\"This leaves the landlord wide open to payment arrears if there are problems with
rent collection.

\"Landlords who are facing or forecast facing problems paying their lender should
keep National Homebuyers in mind to solve their problems before they escalate out of
control.\"

National Homebuyers is the UK\'s leading fast purchase property company for those who
need a quick sale of the home. The company arranges a fast offer for any property
surveyed, so that the homeowner can sell quickly, regardless of their reasons.
Further information is available at www.nationalhomebuyers.co.uk/index.asp or by
calling 0870 979 8118.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk