16 Aug

Landlords encouraged to invest in buy-to-let market

Landlords encouraged to invest in buy-to-let market

Landlords have been encouraged to put their money into the buy-to-let market after one expert suggested that now is a good time to buy.

According to the director or LandlordZONE.co.uk Tom Entwistle, the combination of high rental demand and a rise in rents makes this a good time to enter the market.

He added that the fact financing for first-time buyers still remains difficult means that more people are renting properties from landlords.

His comments came after the Council of Mortgage Lenders revealed that the number of properties taken into possession had fallen during the last three months of 2010.

It found that repossessions dropped from 9,800 in the first quarter to 9,400.

This indicates that the property market has begun to show signs of recovery.

Mr Entwistle said it is likely that arrears will stay at the current level.

He added that "residential property still remains a relatively safe place to put capital". ADNFCR-1222-ID-800026815-ADNFCR

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