17 Mar

Long-term buy-to-let investors 'enjoying good conditions'

Long-term buy-to-let investors 'enjoying good conditions'

People who have long-term investments in buy-to-let properties are currently experiencing excellent conditions, it has been claimed.

According to Mark Garner, managing director at LettingZone, such people are benefiting from the financial situation at present.

He stated: "For existing landlords, it has never been better because interest rates are at an all-time low so with the property you bought a while ago, the cash flow is looking really good."

The expert went on to claim that the whole housing market is improving and most investors will be starting to look into buying more property over the course of the next two or three years.

Mr Garner advised all those who purchase a house or flat in order to let it out to always conduct a full reference check on prospective tenants.

His comments follow the release of figures from the Royal Institution of Chartered Surveyors, which suggested that the supply of new properties coming on to the rental market fell last quarter.
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