Buy-to-let offering promise

04-Apr-2006

Latest figures from the buy-to-let market suggest that aspiring homeowners may find now a good time to get onto the property ladder through buying-to-let elsewhere.

According to figures from Paragon Mortgages, in its latest Buy-to-Let Index, the market is in good shape with rents, yields and property prices all increasing during February.

Therefore, first time buyers looking to get a first step onto the property ladder may find that buying-to-let elsewhere could prove a prosperous alternative to purchasing a property for themselves.

First time buyers can make buying a new home affordable through a 'gifted deposit' scheme whereby a deposit is not required just the cost of professional and arrangement fees of £5000

John Heron, managing director of Paragon, explained: "The beginning of 2005 was relatively slow, but activity picked up in the second half of last year and 2006 has seen momentum gather and investor confidence grow."

Aspiring first time buyers considering affordable housing options should work with a good mortgage broker

Increased tenant demand has helped to push up the value of the properties, the company states, resulting in improved rental yields meaning that investing in a buy-to-let property can be a good way to raise the funds necessary for a first time buyer to purchase their ideal home.

Aspiring first time buyers wanting advice on mortgages, to find out how much they can borrow and how much it will cost, should request advice from the UK’s leading High Street Brokers, Bradford and Bingley

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