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Expert: Buy-to-let investors should look for long-term gains

Wed, 26 Sep 2007

Potential landlords who are looking for a buy-to-let mortgage on a property have been warned that they should enter the market with a long-term view.

Ray Boulger from John Charcol has commented that the housing market is starting to slow down.

Therefore, buy-to-let mortgage investors must be prepared to have long-term goals and not expect short-term gains, he remarked.

"From the point of view of buy-to-let investors, I would not recommend anyone enter that market with a short-term view," Mr Boulger, a spokesperson for the firm, said.

He added that house prices could flatten over the next year and that the buy-to-let mortgage market depends on the health of the property market as a whole.

According to Mr Boulger, many new buy-to-let investors expect house prices to continue rising, while more professional landlords realise that this will not always happen.

Buy-to-let mortgage investors must be prepared to see returns in the long run, he said.

A study published this month by the Association of Residential Letting Agents has stated that most landlords are in the property business for the long-haul.

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