Buy-to-let investors struggling say National Homebuyers

There may be a surge in people seeking a fast property sale as the buy-to-let market struggles.

[UKPRwire, Fri Dec 28 2007] With house prices across the UK falling and the buy-to-let sector suffering from oversupply in some areas, many investors will be looking to make a fast property sale in order to recoup some of their money.

Tom Entwistle, editor of Landlordzone, said that buy-to-let investors who have taken a short-term approach to their investments are likely to get into trouble.

"People invested in those [inner-city new builds] thinking the prices were just going to go up and up and up, and it's just not happening is it? They have just got to come down now," he said.

"The problem now is that because people [landlords] are desperate, they will lower their expectations of tenants, and will go for a lower quality of tenant.

"The people who have gone into this more recently, jumping on the bandwagon and seeing this as a great way to make money quickly, they are the ones who are going to suffer," continued Mr Entwistle.

Property sale Julian King of National Homebuyers adds, "Landlords looking for a quick sale of their property to cut their losses should act quickly.

"We have been assisting many Buy-to-Let landlords over the last few months avoid the repossession of their property. In light of the current and predicted market conditions, we expect this to continue well into the next year".

Mr King is a director of National Homebuyers, the UK's leading fast property purchase firm, guaranteeing to make an offer on any property in the UK, regardless of its condition or location for vendors who need a quick sale. The company also offers a Sell and Rent Back mortgage rescue scheme for homeowners who want to release equity in their homes.

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