Landlords 'should be cautious to succeed'
Landlords can successfully take on the buy-to-let market as long as they proceed with caution, it has been claimed.
Tom Entwistle, editor at LandlordZONE, said it did not surprise him that many property professionals were being cautious in the current economic climate.
And he added many landlords were finding they were unable to invest due to current mortgage market restrictions.
However, he stated: "Property is still one of the best options when you look at where to invest your money for the future and given the strength of the private residential lettings market in the UK landlords will continue to build their portfolios."
When choosing what property to invest in, Mr Entwistle advised terraced homes have a number of advantages, as they are well built and inexpensive to maintain.
He added such property was ideally suited to professional singles of couples, who were likely to create the least amount of wear and tear.
His comments were echoed in recent research by Paragon Mortgages, which found 65 per cent of landlords hope to buy a terraced property in the first three months of 2010.
Britons may find such property to rent in Fulham or another part of London is far more affordable than similar homes to buy in the same area.
Written by Charles Mackay
Published 22nd January, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Edmonton is one of the most ethnically diverse areas in London, with plenty of schools, shopping centres and ancient buildings of historical interest.
Read Article ... Published on 25th July, 2014
Cockfosters is a quiet leafy suburb of North London, which lies partly in Enfield and in Barnet.
Read Article ... Published on 4th July, 2014
The demand for rented property in London is at its highest ever levels, according to new findings.
Read Article ... Published on 22nd July, 2014
A new 24,000-home regeneration scheme is underway in Hammersmith & Fulham, according to new findings.
Read Article ... Published on 21st July, 2014
Beckton is an urban district located in East London. It is part of the borough of Newham. It has often received a bad reputation over the years, due to its reputation for anti-social behaviour and crime.
Read Article ... Published on 18th July, 2014
Over £310 million has been pumped into a regeneration project in Camberley, Surrey it has been revealed.
Read Article ... Published on 17th July, 2014
An affordable housing scheme is underway in Tottenham and was recently launched by MP David Lammy.
Read Article ... Published on 16th July, 2014
Multi-million pound regeneration plans are set to breathe new life into Surrey, it has been revealed.
Read Article ... Published on 15th July, 2014
Hackney Council has outlined plans to build hundreds of new homes across the borough it has been revealed.
Read Article ... Published on 10th July, 2014
Mortgages are becoming more and more unaffordable for Londoners, according to new findings. A report published by Nationwide revealed that all regions in the UK saw annual price rises in the second quarter of this year.
Read Article ... Published on 8th July, 2014