17
Apr
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.