Landlords 'should be in it for the long term'
Landlords who join the buy-to-let sector have been told that they should see their investments as a long-term method of making money.
Property Hawk website editor Chris Horne said that the owners of this type of home should plan to reap the financial rewards more than ten years down the line.
It would seem that residents of flats to rent in Hammersmith and property to rent in Docklands, as well as people living in other homes to let in the UK, should expect to be customers of landlords who view their bricks and mortar as a nest egg for the future.
"Really a landlord should be looking at the investment over a 15 to 20-year period and that is when they can measure whether the investment has paid off or not," Mr Horne remarked.
Both landlords and tenants have benefited from low interest rates over the last few months, with the Bank of England's Monetary Policy Committee bringing the cost of borrowing down to 0.5 per cent in March.
Written by Charles Mackay
Published 11th June, 2009
© 2009 Estates IT Limited
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Landlords have been advised that the buy-to-let property market represents a long-term investment opportunity.