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The London Standard has underlined the fact that buy-to-let is not a one way street to financial success.
As an investment it has the 'bricks and mortar' security that many investment don't, but at the same time in these uncertain times it still has every chance of crashing down.
The Standard reports recent figures from the Council of Mortgage Lenders show one in five repossessions were those of rental properties, doubling the percentage share from 12 months earlier. This worrying trend points to landlords over stretching themselves financially.
I'd always advise landlords to factor in a 'War Chest'. You can never predict when a tenant might decided to stop paying rent, or a boiler might break or dare I say, interest rates might go up.
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