'Research is key' - buy to let mortgages

25 June 2009

Extensive research is a vital part of the property-buying process, one industry expert has explained.

According to Timothy Lambert, head of consulting at independent property investment consultancy Ducalian, it is important for buyers to gain an insight into the potential regions they will be purchasing in.

This is something both traditional homebuyers and those with buy to let mortgages should consider.

Indeed, earlier this month, editor of Property Hawk website Chris Horne said that anyone thinking of getting into the property investment industry needs to know what rental demand is like in a specific area and what type of client they should market to.

As for Mr Lambert, he indicated that doing research can help prevent people falling into negative equity once they have made their investment.

"Use websites to see how much properties were bought and sold for, average values in particular roads and boroughs for example," he advised.

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