Move fast for good price, investors told - buy to let mortgages

13 March 2009

Those investing in property and keen to get a good price should hurry because the best deals are diminishing, it has been stated.

Stuart Law, the managing director of property investor firm Assetz, said that the best prices for auctioned and distressed sale property have already come and gone.

He added: "The best prices, if you can haggle a bargain, are going to be well under the house price index level," to which he added: "it's those prices that are beginning to firm up and even rise now".

Such advice may prompt those needing buy to let mortgages to seek to acquire them soon.

Mr Law also predicted that the recent increase in buyer interest in the market will translate into a growing number of sales by the summer.

Recent data from the Royal Institution of Chartered Surveyors revealed that new buyer enquiries in February this year were rising at their fastest rate since August 2006.