17 Apr

Buy-to-let offers great opportunities for those with money

Buy-to-let offers great opportunities for those with money

Those who are looking for a chance to make an investment in 2012 could do far worse than to look towards the market for buy-to-let properties.

Despite the fact that it is currently more difficult to get a mortgage, one expert has said that those who can afford to purchase houses to rent out should do so, because the high yields available will offset the cost of a deposit.

Lee Grandin, director at Landlord Mortgages, noted that it is now a very good time to get into the market for rental properties, because access to mortgages is better now than it was last year, despite Knight Frank having reported that rental yields are falling.

"It is a very attractive market if someone has the money for a deposit. It is not a market where those that aren't asset-rich can purchase," he said, adding that it is possible that buyers may need to raise up to 20 per cent of a home's value.ADNFCR-1222-ID-801342172-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.