Buy-to-let investors on the increase again

This is still a growth area for investors as more people see the buy-to-let market as a sound option for the future. Traditional forms of investment such as banks and building societies are still producing poor returns so investors are looking elsewhere.

The house rental market in the UK is very buoyant as people trying to get onto the property ladder find it more difficult due to rising house prices. The demand for good rental property has increased over the last 12 months and would seem to be continuing.

Experts expected the buy-to-let market to decrease and it did after all the new regulations were announced but that trend has now been reversed.

a) Select the type of tenant you are targeting this could be a young couple or single person in a professional career.

b) Make sure when selecting a property for buy-to-let it is in an area which fits your target tenant. Is it close to schools shops and local businesses for example all these are important factors when selecting your property?

c) Selecting the correct buy-to-let mortgage to fit your long-term planning. Do you want a fixed rate or a tracker or indeed any other product that is on offer? It is very important to seek professional advice when it comes to choosing your mortgage.

d) Look after your tenants as you don’t want your property empty for long periods of time. Make sure you have a good maintenance company in place to look after any problems that may arise.

Please make contact and one of our expert mortgage advisers will be pleased to assist.