House Price and Property News and Information.

Buy To Let

With all the doom and gloom about property prices Buy To Let properties are still looking to be a great option in the long run. With rising population and no increase in suitable housing the gap between the first rung of the housing ladder and renting is sure to be exploited by landlords who can use static house prices to charge more for their accomodation.

Many lenders will be more happy to give Buy To Let mortgages as they have been proven to be less risky than first time buyers or certain other mortgages, thus giving landlords an extra advantage.

This confidence has to be checked by the reality that a property price collapse is never to be ruled out such as the 1980s situation where 80% of income was spend on over-mortgaging property and resulting in negative equity and panic especially with multiple property owners.

Now that the Iron chancellor is the Iron PM it could be a good time to consider Buy To Let. The best advice is always to buy where it is easy to sell even if you pay a premium on location, this always gives you an option to cut your loses.

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