Landlords urged to expand portfolios
Thu 24th Apr, 17:10:37 BST
Now may be a great time for buy-to-let property investors to increase their portfolios.
That is according to Buy Association property editor Paul Collins, who said that current market conditions suit investors.
With fewer first-time buyers able to get their hands on a mortgage, there is less competition in the housing market.
It means that buyers can negotiate a price and this can lead to experienced investors securing some bargains.
"I think to say that the property market is un-investable would be inaccurate," said Paul Collins.
"Research at the beginning of the year suggested that a lot of buy-to-let investors were looking to extend their portfolios in the coming year because they see it as a good time to buy as a lot of sellers are under pressure at the moment.
"If you are looking to invest, it may be a time to extend your portfolio," he added.
The Mortgage Warehouse recently revealed that 44 per cent of mortgage intermediaries think investors will expand their portfolios in 2008.
That is according to Buy Association property editor Paul Collins, who said that current market conditions suit investors.
With fewer first-time buyers able to get their hands on a mortgage, there is less competition in the housing market.
It means that buyers can negotiate a price and this can lead to experienced investors securing some bargains.
"I think to say that the property market is un-investable would be inaccurate," said Paul Collins.
"Research at the beginning of the year suggested that a lot of buy-to-let investors were looking to extend their portfolios in the coming year because they see it as a good time to buy as a lot of sellers are under pressure at the moment.
"If you are looking to invest, it may be a time to extend your portfolio," he added.
The Mortgage Warehouse recently revealed that 44 per cent of mortgage intermediaries think investors will expand their portfolios in 2008.
News Home
Print Send to a Friend Discuss in Forum RSS Feed
Share this article:
Digg it Del.icio.us Reddit Newsvine Nowpublic