Make use of uncertain market conditions to negotiate prices

Posted under Advice by Michael

In the present mortgage market it is obviously tough to do anything. The problem is compounded by the fact that people do not enough research. It is necessary for a prospective or existing buy to let study to follow trends and study the figures to make a decision for themselves.  Essentially the buy to let winners are those who do their homework; the losers are those who rush in blindly.

Several mortgage products have been pulled out from the market, with those remaining on much stringent terms. Property prices continue to fall, and auction rooms are registering a rise in distressed sales. But for some savvy investors, the scenario is far from bleak. They must have noted the fact that rental yields are rising - away from certain saturated city centres – largely pushed up by rising demand from immigrants and would-be first-time buyers still priced out of the market.

On other hand, market analysts are beginning to see purchases - picking up among more experienced investors - with landlords making use of uncertain market conditions to negotiate prices, and pick up cheap repossessions at auction.

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