and get the Bank Manager off their back, and vendors desperate to sell in order that they can buy that property that they have always wanted.
What are you waiting for? Now is the time to strike that bargain, use your negotiating powers and surprise your self what discounts and price reductions you can achieve when you put your mind to it. Providing that you do your due diligence on the area and property that you want to buy, and check out with the letting agents the demands for each type of property and the potential rental income, bricks and mortar is considered a long term safe Investment.
A buy to let property for most Investors has the advantage over the stock market, in that you do not suffer the pain of volatile markets which can fluctuate wildly at times like this. And it also has that feel good factor that you can see, touch and feel it.
A number of clients have been enticed away from these shores to foreign lands and had their fingers burned very badly when they have found out that the property
that they had bought was not as described, would not produce the income as promised, and in some cases did not have the required planning permission.
Unfortunately the horror stories are a warning to all Investors in the Buy to let market, its BUYER BEWARE, in what ever country you decide to purchase. But at least in the UK we have regulation on most mortgages and anyone dealing in Financial Services has to be qualified to give advice, from Solicitors to Independent Financial Advisers.
Buying abroad at what seems silly money compared to the UK, may seem a good idea. But if you want to get out, who in that country can afford to buy it from you. In most countries where property is very cheap the local population cannot afford to buy property and your chances of a resale are very slim.
So if its bricks and mortar that you want to invest in, and Buy to let seems like a good idea, good old Blighty with our moans and groans is still an excellent place to invest your money. And the good news is its about as safe as it gets. If we could persuade Alistair Darling to forget about taxing Buy to Let properties, it would be heaven, failing that, get a good accountant or Independent Financial Adviser who specializes in taxation.
