IFAs encourage landlords to invest

More landlords are opting to enter the buy-to-let market after taking advice from independent financial advisors (IFAs), new research suggests.

Data gathered by the Mortgage Trust - through a survey in the Mortgage Times - found that 20 per cent of landlord said they were prompted to start their property portfolio by an IFA.

At the start of the year, just eight per cent of respondents said IFA advice had influenced their decision to invest in more property.

According to mortgagesolutions-online.com, John Heron, the director of the Mortgage Trust's parent company Paragon Group, said: "Over the medium term, buy-to-let generates good returns, both in terms of monthly rental returns and capital appreciation.

"For people who are reviewing their financial plans and are considering buy-to-let as a possible investment, their financial adviser is a good first port of call."

Recent figures from Arla show that landlords tend of to view their properties as long-term investment and added that it was important buy-to-let investors continued to get good advice about their property.