Monday, August 22, 2005

Experienced investors are not sheep

Money - Times Online:

"Continued uncertainty over the future direction of house prices is deterring the opportunist investors who saw buy-to-let as a way to make a quick buck. However, many experienced landlords consider the current climate a good time to expand their portfolios.

These investors are taking advantage of a weak housing market. Potential buyers have been holding off because they fear big price falls, and this has pushed up rental demand. Investors are also benefiting from a knock-on effect: many vendors have been struggling to sell because buyers are reluctant to enter the market. This allows investors to negotiate discounts.

Nigel Terrington, chief executive of Paragon Group, which owns two specialist buy-to-let lenders, Paragon Mortgages and Mortgage Trust, said: Many investors have an incredible network with the local estate agents and they know who is selling, which properties have been on the books for a while and which vendors need a quick sale. They are then able to buy below market value."

There's no time like a slack market to look for a bargain - go for it!

Chris

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3 Comments:

At 1:57 pm, Anonymous commercial mortgages said...

Great post Chris Bell!, I have been looking to get the latest info on buy to let and found your site when I did a search on Google. Admittedly, Experienced investors are not sheep wasn't exactly what I was looking for but it got my attention and I figured I'd drop a comment. I can see why I found your page when I was looking for buy to let related information and I'm glad I stopped by to say "Hi" even though this isn't a perfect match. Once again, Great post Chris Bell I'll bookmark your site for the future. Have a great day.

 
At 2:31 pm, Anonymous poor credit mortgages said...

Hi Chris Bell, Don't you just luuuuurve the internet!! I was looking around for up to date information on let to buy and found your site. Experienced investors are not sheep isn't exactly what I was searching for but I enjoyed reading your post and thought it only right to drop in a comment to say hello! Take care, keep up the good work.

 
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