For many buy-to-let looks an attractive income investment at a time of low rates and stockmarket volatility.
But if you are considering investing in property – or improving your returns on a buy-to-let you already own – it’s important to do things right.
Read This is Money’s top ten buy-to-let tips – the essential guide to successful property investing.
Buy-to-let may not be quite the hot property of the boom years, but it has seen a resurgence in recent times.
As an income investment for those with enough money to raise a big deposit buy-to-let looks attractive, especially compared to low savings rates and stock market volatility.
Meanwhile, the property market bouncing back has encouraged more investors to snap up property in the hope of its value rising.
Mortgage rates at record lows are helping buy-to-let investors make deals stack up – you could fix a mortgage for five years at just over 3 per cent at the biggest deposit level.
But beware low rates. One day they must rise and you need to know your investment can stand that test.
Recent history provides an important lesson in that. Many investors who bought in the boom years before 2007 struggled as mortgage rates rose. A sizeable number were thrown a lifeline when the base rate was slashed to 0.5 per cent.
Rates have stuck there since 2008, but remember they will rise again.
Despite the potential for costs to rise, more tenants in the market, rising rents and improving mortgage deals have tempted investors once more.
If you are planning on investing, or just want to know more, we tell you the ten essential things to consider for a successful buy-to-let investment.
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