One in five landlords seeking to expand property portfolio

A new survey by the Money Centre has found that some 20 per cent of residential landlords will be seeking to expand their property portfolios in the coming months as house prices are set to continue falling into the first half of 2009.

The moves by landlords may surprise some property experts who had been crowing that buy-to-let was dead and that vast swathes of landlords would become destitute as their mortgages fail.

However the signs that some professional landlords are actively looking to get back into the market will not only confound critics but also provide the beleaguered property market with a resurgent source of buyers.

Landlords are being enticed to start buying again as average rents hold at £600 per month while rental yields have increased by 2.2 per cent compared to this time last year.

Landlords will need to remember that when obtaining insurance for any new rental property purchases they will need to get specialist let property insurance. At insuremyletproperty.co.uk landlords can get comparative quotations from a panel of insurance companies so they can find the best priced insurance policy for their needs.

10/11/2008 11:41:26