Buy to Let - Still a viable investment?
Q. Investing in residential property has been a huge success for many people over the last decade, but is it still a good investment?
A. Yes, No, Maybe!
YES - Buy to Let must be considered a long term investment (at least 5 years plus). This can for example form additional pension planning, as apart from the initial lump sum (deposit) the investment may be self financing as the rental income should cover the finance and maintenance.
NO - It is very unlikely that any real gains are to be made in the short term, so unless there is a sudden upturn in the market anyone seeking a quick fat profit is likely to be dissapointed. Cautious short term investors with cash lump sums may also be better off with interest based products from major financial institutions.
MAYBE - If you have a modest lump sum available, can hold on to the investment long term, can find the right property at the right price, obtain the right finance and possibly put in a little elbow grease to bring a property up to scratch, it might just be for you.
Lukily, we know what we are talking about when it comes to buying property to let, and we may well have properties available for sale that will suit your requirements.
For more information call Robin Burnage on 01745 590919 for a free no obligation chat and basic advice.
