Landlords 'can benefit from low house prices'

News Category: Management

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Landlords who are willing and able to invest in property could be set to see major gains from the current market conditions, according to a property website.

Kesh Thukaram, managing director of Smartlandlord, responded to indications from the Halifax House Price Index that property prices are still in decline by advising investment from buy-to-let landlords.

He said: "This is a perfect opportunity for them to invest in further properties while they offer the best value for money. They can secure good yields for the future while expanding their portfolios."

However, Mr Thukaram also suggested that property owners who made purchases at a high loan-to-value in the last few years may have been impacted negatively by market conditions and may need to manage their property portfolio more efficiently in order to reduce costs.

Last month, statistics released by Mortgages for Business revealed there has been an increase in the number of buy-to-let mortgages approved for property purchases in recent months, suggesting landlords are looking to buy while prices are low.

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