Advice for landlords may increase yields

Posted: 18 Feb 2008 11:34:45 GMT

Landlords can increase their rental yields by seeking advice from a professional broker.

Landlords can increase their rental yields by seeking advice from a professional broker.

That is according to research from Alliance & Leicester, which revealed that brokers expect a busy year with landlords turning to them for advice.

The brokers questioned said that a third of all landlords could make an operating profit in 2008 with the right advice.

Commenting on the research, Mark Blackwell, director of intermediary sales at Alliance & Leicester, said: "The buy-to-let market will continue to be a significant part of the overall housing market for investors and broker sentiment indicates that buy-to-let will continue to deliver in 2008.

"Those with multiple properties and a higher proportion of fixed rate lending are most likely to be able to withstand any house price cooling and fluctuating base rates.

"Landlords with fewer properties will need to be astute in the coming months to avoid potential pitfalls, with professional advice playing a particularly important role to them at this time," he added.

Although Mr Blackwell expects landlords to make a profit in 2008, he also emphasised that buy-to-let properties should be viewed as a long-term investment.

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