16:59 PM, 25th March 2011, About 11 years ago
The buy to let market has switched from making money on rising house prices to inflation-busting returns on rental yields.
Latest figures from LSL Property Services – the UK’s biggest letting agents – and the Association of Residential Letting Agents (ARLA) show net yields are hitting an average 5%.
Few savings accounts or ISAs can match this return – and only a handful of long-term investment bonds come anywhere close.
Suddenly, putting cash in to investment property has become an option for investors with cash to stash.
ARLA has recognised this and released a top tips guide for new buy to let investors – here’s a digest of their best advice:
ARLA Operations Manager Ian Potter commented: “Buy-to-let properties can prove to be a sensible, long-term investment, but consumers must do their research first in order to achieve success.
“Becoming a buy-to-let landlord is a decision which must not be taken lightly. Landlords must be aware of the legal responsibilities to their tenants and ensure that their money is protected.”
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