If you`re considering entering the buy-to-let market as a new property investor or want to expand your portfolio, now could be the time after it emerged that house price growth slowed during January.
Winter is traditionally the time when sales die down, generally down to seasonal factors like weather and families focusing on festive celebrations, but it could pay to take advantage of the slowdown at this time of year as prices look set to shoot up later in the year.
Hometrack figures indicate that prices rose by 0.3 per cent last month, while the Paragon Group has shown that the fourth quarter of 2013 saw 207 per cent growth in the buy-to-let loans market, emphasising that the colder months may be ideal for landlords and those who aspire to become them.
However, Hometrack reckons that positive news about the UK economy and the availability of jobs will help to support market sentiment in coming months, which could result in fewer bargains for people thinking about getting buy-to-let-mortgages. That`s likely to be magnified if supply continues to fall when compared to demand.
So if you want to be a landlord, or expand your current offering, you need to act quickly before your potential purchases get too pricey. That`s why you need to contact First Choice Finance as our skilled team will scour our lenders on your behalf to try and match you up with the most suitable mortgage for your circumstances.
We`ll even offer any deal on a no-obligation basis, so that if you don`t like what we find, you won`t have to pay for it. Discover more at firstchoicefinance.co.uk or call us from your mobile, it`s 0333 003 1505 and from a landline, it`s 0800 298 3000.
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