Buy to let 'future is bright'

01 September 2009

Written by Simon Whittaker

The future of the buy to let property industry is bright, according to Mark Garner, managing director of landlord services website LettingZone.

He suggested that this positive sentiment is particularly relevant to long-term landlords, who have held buy to let mortgages over a lengthy period.

One reason Mr Garner offered as evidence for market optimism was the record low interest rate of 0.5 per cent.

Any landlord on a tracker deal will have been able to reap the benefits of the low cost of borrowing, having a healthy cash flow as a result, the expert explained.

However, he warned that rates will inevitably go up again in the future, so landlords should prepare for this eventuality.

Last week, LSL Property Services published research which gave landlords more reasons to feel optimistic about their industry.

The company indicated that rents in England and Wales increased at their fastest pace for a year in July 2009.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.