Investment Strategy

Above all, have an investment strategy. The Young Report identifies a key factor to success: be in it for the long-term. Fully 98% said they would hold their property for the next 12 months. Entering and exiting the property market costs money in stamp duty, legal fees, capital gains tax and sundry other expenses. If you chop and change your investment strategy, or worse don't have one, it will cost you money, and often will wipe out any profit you may have made. So, identify your target(s), negotiate well, and sit in for the long-term.

Young concludes: "Buy-to-let property is still a solid medium to long-term investment class, provided that people do their research and look at the facts and fundamentals of investments, without being swayed by marketing spin or doom-mongering press reports."

LINKS:
Council of Mortgage Lenders www.cml.org.uk
Young Group www.younggroup.co.uk