Disillusioned by pension investments and scared off by rapidly fluctuating stock market prices, residential property has appeared to be not just a safe but a richly rewarding haven for increasing numbers of ordinary people who are looking to secure their financial futures.
But the sensible would-be investor in residential property will approach today's buy to let market with caution. You should query what could happen to property prices in the short, medium and long term. You need to consider the most suitable mortgage type in the light of interest rate expectations. Finally you will need to investigate the letting market on both the national and, more importantly, local level.
Buy to let purchasers need to do their homework before buying - they need to find out whether there is a strong and sustainable market for rental property in a particular area, and what type of property is in demand. A local letting agent will probably offer advice.
The bottom line is that you must invest some time before you enter the buy-to-let market, researching all your mortgage options and the types of property that could make a good investment. You should take a realistic, longer term view rather than focusing on making a quick killing. Get it right and humble bricks and mortar could provide you with a solid financial future.
See which lenders offer best rates
Whether you're making your first foray into the buy to let market or looking to add to your existing portfolio of properties, simply complete the enquiry form, and let a specialist broker do all the shopping around for you. We'll provide you with a no obligation quote and tell you which lenders offer the best buy to let mortgage rates.