The property ladder is wobbling precariously on a vastly expanding wall of rising mortgage rates and increasing house loans. Many worry that the mounting risk of even attempting to clamber upon this rickety property ladder is perilous and pointless not to mention climbing over the escalating wall of interest rates and loans which appears to be impossible; however there is a way of benefiting from the house price crash. To profit from the crisis, why no buy-to-let? At London Property Finders we strive to help you find and buy the right property in the current market and this is why we suggest buying-to-let. It is no secret that house prices are falling. In the last three months the price of property has dropped by 6.1% - faster than any time since the bank began recording data in 1983. What this means is that if you can buy now, at a low price and hold tight, you will cash in at the end of the rocky road.Repossession is a realistic nightmare that many house owners are waking up to this summer. The original expected figure of repossessions given by the Council for Mortgage lenders (CML) was 45,000 this year. New figures by housing charity Shelter show repossessions could be 20% higher than these official figures. What this does mean is that rented accommodation will not be surplus to need. Buying a property to let has never been a quick money making trick; but those wise enough to play out the long game could be in for a real treat. The reality of repossessed houses entering the market also widens the range for potential buyers, enabling buyers to get a high quality buy-to-let property for an extremely reasonable price. A deciding factor in the success of a property is choosing the right area. This doesn’t necessarily refer to the cheapest or most expensive home, simply the most popular area. London has always been a desirable place to live. It offers fantastic opportunities for students, tourists and newly qualified professionals keen to make their mark in the capital city. The right property can be a worth while investment and we are here to make finding that ‘right’ property easy.It is of course important to choose who you are looking to rent to. Given the pessimistic nature of our current climate, a wise choice is to look carefully into how much rent you are likely to receive compared to how much the property will cost. Most buy-to-lets expect 125% of the mortgage rate as rent. Make a list of what you want to buy, your budget, who you are buying-to-let to, and then let us do the hard bit! We have even more pointers on buy to let properties for those of you still not ready to make the leap on our site.The property ladder may seem like hard work to climb at the moment, but those with good enough balance will prosper on the buy-to-let market. To discuss how you can steadily climb the property ladder visit www.londonpropertyfinders.co.uk
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