Why Buy To Let?
The average age for today's First Time Buyer in the UK is now 33 and because of this people are having to rely on rented property for longer. So demand for buy to lets is still strong but caution must be used and homework done in finding the prime areas to invest in.
Property has always been seen as a good investment but the short term gains seen in recent years is not indicative of future rises. However looking at Buy To Let as a long term investment where it can offer the potential of offering a good income and growth over a period of time is a fair risk.
With the advent of specialist Buy To Let lenders there are numerous products available with many offering fixed interest rates allowing you to manage your mortgage fnding costs over a fixed period of time. Entering the Buy To Let market gives you a further stake in the UK housing market and is often part of an individuals investment portfolio and is used by many to boost their existing pension plans.
Once you enter retirement, monthly rentals can be used to supplement retirement income and the sale of a property can be used as a nest egg, or use for further enjoyment during your retirment.
Please note that there are risks with all types of investment and although property has performed very well over the last few years property may not perform as well over the next few years.
