Landlords missing an opportunity?

With all the talk of low interest rates, increases in rental income from lower mortgage repayments (ahh the joy of tracker mortgages), rental increases / decreases, falling house prices and a host of other topics - it does seem that landlords are missing one heck of an opportunity in the current climate.

Yes, the economy is bad!

Yes, obtaining decent leveraged finance is harder than pulling teeth with a blunt spoon!

Yes, opportunities abound - with people in financial difficulty willing to 'give' their properties away for virtually nothing (some even do give it back to their banks for nothing) however this usually involves a lengthy purchase process and some degree of increased debt through obtaining a mortgage - at what ever rate lenders wish to offer. Then there is the additional time to consider in managing any new properties acquired.

However, anyone with a mortgage is really going to be kicking themselves when 6-12 months down the line they look back and say...if only I had considered it!

No need to increase your mortgage balance through new purchases.
No need to pay solicitors fees.
No need to devote more time to tenants.

It's often the case that the simplest solution (or in this case opportunity) is often the last considered.

Click Here to read more







Free property management software, Free tenancy agreements