13
Dec
Property investors urged to check their finances
Property investors in the UK have been urged to do their sums
before entering into the market at present.
It has recently been claimed that only the wealthy can now afford
to get into the UK buy to let market because prices are sop
expensive, however this view has been challenged by one industry
expert.
Neil Johnson, PR and policy manager at the Building Societies
Association (BSA) argues that there is still a market for investors
considering moving into the UK buy to let sector, but anyone
planning to do so does need to plan their investments
carefully.
He said: "People should make sure before they go out and buy that
they have done their sums and they know that what they are buying
makes sense. There is still a market out there for it, but clearly
if you are not careful you are going to get your fingers
burnt."
Rob Thomas, senior policy adviser at the Council of Mortgage
Lenders (CML), has recently suggested that the buy to Let market
will remain stable in 2008, despite some suggestions of a
slowdown.
