Tuesday, 12 July 2011

Buy-to-let has its downfalls but money can be made.....

In the past six years, the percentage of people deciding to rent privately owned property has gone up by 55%.

The number of people deciding to rent privately reached 3.35 million last year, from a mere 2.15 million as people house-hunting have been unable to save the mammoth deposits now required to buy a home, with most mortgage brokers asking for a 25% deposit or more.

The increased interest in people purchasing property as an investment which they can also make a reliable monthly income by means of rent has occurred due to increased yields in rent.

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