Prospects look good for buy to let market

11 May 2005
It could be the ideal time to invest in a buy to let property, judging by recent data showing an increase in confidence in the market.

Figures from Mortgage Express released last week showed that confidence had increased significantly in the past three months, whilst the National Landlords Association revealed recently that more than 95 per cent of tenancies present landlords with few or no serious problems.

Mortgage broker Landlords Mortgages also suggests that savvy buy to let investors could turn the current property market to their advantage.

The broker claims that a static market could see buy to let properties being sold for up to 20 per cent less than their true value, and extensive research into an area could give a buyer an even greater edge.

"Thoroughly researching an area will put you in a better position to spot an undervalued property. It is also a good idea to bargain with sellers," Lee Grandin of Landlord Mortgages told the Times.

An uncertain market can also provide landlords with a greater number of prospective tenants, as people choose to rent rather than risk investing in their own property.

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