Mortgage brokers look to professional investors to keep the mood upbeat

A recent survey of brokers by the mortgage works has discovered that brokers thought that professional buy-to-let investors are well placed to either maintain their current property portfolios or possibly expand with new acquisitions in the coming year.

Of those polled 45 per cent felt that portfolios would be maintained with 49 per cent thinking that professionals would increase their portfolio within the year.

However amateur landlords, who primarily buy for the short term capital appreciation, were seen by 82 per cent of brokers as making no new purchases while the market was still depreciating at its current rate.

The difference is that professional landlords have a solid business plan with their investments and understand the tax and financial implications of investing and have done extensive research into the local property markets that they are buying in.

The brokers surveyed felt that the professional landlord was well placed to not only survive the current economic climate but to thrive in it.

As with all new property purchases it is important to have the right insurance in place. At insuremyletproperty.co.uk you can compare prices to get the best let property insurance on the market.

September 10^th 2008

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• Fines and falling rents to hit new forced landlords
• Where are all the forced landlords living…
• Families relying on renting to keep then afloat.
• Londons house prices take a dramatic fall
• Properties used as a future pension are facing trouble
• Stamp duty uncertainty is a gift to landlords
• 8.8 Decline on House Prices
• London Landlord Property Exhibitions
• Buy to lets can flourish as long as you have the right tenants