Alliance & Leicester: Advice service is key for buy-to-let market
www.moneynews.co.uk > Mortgages > Alliance & Leicester: Advice service is key for buy-to-let market
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Money News |
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Alliance & Leicester: Advice service is key for buy-to-let market
Mon 18th Feb 2008
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According to Alliance & Leicester brokers play a major role in helping investors who are hoping to make money out of the letting market maximise profits by making the right purchase decision.
Brokers predict that, if given the right advice, 33 per cent of investor landlords could make an operating profit this year, as could 43 per cent of professional landlords.
They cited fluctuating base rates and cooling house prices as the main causes for concern for the buy-to-let market.
Mark Blackwell, director of intermediary sales at Alliance & Leicester, suggested that investment in buy-to-let properties "should be seen as long-term".
He added: "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."
Research from Alliance & Leicester Mortgages' Landlord Index earlier this month found that young tenants often see their landlords as 'extended family' and turn to them for help and advice.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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