Investors with cash to spend 'have an advantage'

News Category: Management

Now may be the ideal time for those considering purchasing a buy-to-let home and employing property management specialists to help take care of their investment.

According to property consultant at Knight Knox International Iqbal Hussain, the current state of the market makes it the "best time to buy".

"With banks not lending much, those that have got the cash available can take advantage," he claimed.

It was suggested by the expert that prices are down as people are struggling to sell their houses, so those with capital should be able to secure a bargain.

Those who need access to finance in order to become a landlord, were advised the market is better than it was a year ago, with individuals able to get 75 per cent buy-to-let mortgages.

A recent report from Countrywide revealed tenant demand for property increased by 10.8 per cent in the third quarter of 2010, with more and more people looking to rent.

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