Now is ideal time for landlords to buy property

Now is the perfect time for those interesting in entering the buy-to-let property market to draw up tenancy agreements and make their investments, it has been claimed.

According to Residential Investments, the market is "flat", meaning there is great opportunity to purchase good quality properties.

If it stays this way there is also potential for landlords to find tenants looking to rent a home for a significant amount of time and then let the profit on the property build.

Paul Clifton, from Residential Investments, said: "Of course you get the equity building up so what's £85,000 today should be £185,000 in ten years. I'd be surprised if it wasn't."

He added that this is the best time he has seen for buying property in 20 years.

Nationwide has reported that property prices fell by 0.4 per cent in November, compared to 1.3 per cent the previous month

  • Landlord and Tenancy News from Lawpack: Solicitor-approved tenancy agreement template with expert guidance on how to complete the legal form

Published on: December 4, 2008

Did you like this article? Share it!

Tenancy Agreement - Furnished

Furnished tenancy agreement advert
  • Solicitor approved
  • Guidance notes in the document
  • PDF format
  • Download now

Read More