5 Jul

Buy-to-let market 'always has opportunities'

Buy-to-let market 'always has opportunities'

There are always opportunities for people to enter the buy-to-let market, one property organisation has claimed.

According to the Residential Landlords Association (RLA), there are around 500 buy-to-let mortgage products on the market, which is "hardly a poor choice".

However, the group has warned that many people with an interest in the market sometimes talk it up.

Therefore anyone looking to take the first step on to the buy-to-let ladder should still proceed with caution, as the "wholesale money giveaways of the mid-decade" are unlikely to be seen again.

Alan Ward, chairman of the RLA, added that "the question is more about the cost of the products and the serviceability of the borrowings from rent and not from capital growth".

The Young Index revealed that in the second quarter of 2009, 30 per cent of buy-to-let investors were looking to purchase properties outside of London, up from 24 per cent in the first three months of the year.

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