Investors able to access the right finance should seize the opportunity to invest in Buy to Let property
, according to one expert. Darren Owen, director of Property & Finance Solutions, says now is the best time to take advantage of the current state of the market.
He explained that mortgages are a better bet for Buy to Let investment
than pure cash as property "is not a very liquid asset". Mr Owen added that "you really have to appreciate that the money is gone and you can't really pull it out for 12 months realistically".
Independent property expert Malcolm Harrison recently suggested that those whose income has not been affected by the recession are becoming increasingly likely to invest in rental property for the first time. However, people who take this step should be aware that this is very much a long-term strategy that should last for at least ten years, he said.
- Friday 15 July 2011