5
Jul
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.
