Buy-to-let in UK 'still considered buoyant'

Despite falling confidence in the UK property market, the buy-to-let area is still buoyant and attractive to investors.

That is according to Christopher Tanner, managing director of Blevins Franks Mortgage Services, who said that as long as buyers plan carefully they can still make a good investment.

"I think if people do their homework and buy the right property, don't overpay and get the right advice regarding their finances - the main point is just don't overextend yourself," he said.

Mr Tanner explained if investors are cautious and buffer themselves against non-payment of rent or other situations that could put pressure on their finances they can still buy-to-let successfully.

A recent study from the Association of Retail Letting Agents found that rents rose four per cent for houses and two per cent for flats in the three months running to March.

"It sounds very doom and gloom, but the buy-to-let market is actually very buoyant," Mr Tanner said. "Lenders are less worried about buy-to-let than anything else."

Property Investment News posted on 12/03/2008 11:31:05