Negotiation, Negotiation, Negotiation

UK Property Investment news and comments from Mark Harrison of YourPropertyExpert.com

Good basic advice for new landlords – BBC article

Posted by markharrison on November 14, 2007

In an article over at BBC News, Jonathan Moore (of Mortgages for Business) has written a good article aimed at people considering becoming landlords.

The article is well worth reading, in full, but here are the headlines:

  • There is an over-supply of new-build flats in many urban areas
  • Rates have gone up massively (particularly if you take into account fees)
  •  There’s a lot more regulation, particularly HMOs and Deposit Schemes
  • Property is a long-term plan, not something that can be relied on to make quick money

I’ve said all these things in the YourPropertyExpert.com newsletter over the last year, but seeing them in one place is certainly a quick, good read if you’re considering investing. Hopefully, experienced investors know all this stuff🙂

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