5
May
Investors encouraged to put money into property
There is still money to be made in property investment, according
to one financial advice website.
MoneyNet claims that despite the buy-to-let market being very
different to what it was 18 months ago, profits can be achieved by
buyers.
With a reduction in the number of lenders would-be landlords can
access, the sector is "almost unrecognisable" from the one that
existed in September 2007, the portal explains.
However, this should not discourage anyone considering putting
their money into bricks and mortar.
Buy-to-let can still end up being a "profitable medium to long-term
form of investment", MoneyNet states, but investors should be aware
that there is now a "more realistic" lending structure in
place.
Any investors who took out tracker mortgages over the last few
years may have been able to benefit from the tumbling interest
rates, which now stand at a record low of 0.5 per cent.
