Advice offered to landlords - buy to let mortgages

18 February 2009

Those with buy to let mortgages have been offered some advice on how to succeed in the current market conditions.

Simon Zutshi, the founder of Property Investors Network, noted that many people bought houses when the market was rising, but that some may be unsure of what action to take now the bubble has burst.

"The skills and the ways that you buy property now are very different from even 12 months ago," he remarked.

He recommended that buy to let investors read books, attend seminars and talk to other people in the business in order to boost their knowledge.

"They need to understand the finance, the taxation, the requirements of a landlord and how to let out a property," Mr Zutshi explained.

Recently, the Association of Residential Letting Agents reported that house prices in the rental market have dropped by 8.3 per cent over a year, which may be a positive development for investors looking to expand portfolios.