Buy-to-let investors need to be 'selective' about property

Posted: 31 Jul 2008 14:34:46 GMT

Buy-to-let investors can still make money in the current market but they must be "very careful" to ensure they get the correct advice and select the right property.

That is the advice from landlordzone.co.uk, an online portal that offers landlords advice on the housing market.

Commenting on the current economic climate, Tom Entwistle, editor at Landlordzone, said: "Lots of traditional landlords who have been investing over the years will still be making good money but if you're highly geared with your mortgage then it's going to be more difficult."

Mr Entwistle went on to explain that investors needed to ensure they were very "selective" about where they bought and which property they chose to make sure they made the most of their investment.

He advised buyers looking to make the most of their investment to go for terraced and older properties which can be secured for less.

According to specialist estate agent, Hurford Salvi Carr, there was a 5.5 per cent rise in new lettings in the first quarter of 2008 compared to the same period in 2007.

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