Why NOW is a great time to invest in UK Property
Since the UK went into a recession back in 2007 property prices have fallen heavily and amateur investors have pulled out of the market place. Many people believe that the market has dropped as much as it is going to and that if price drops do happen it will be by small amounts. Positive Property investment sell property at a 25% discount which means you have a large buffer against any further drops.
There is a large demand from first time buyers and investors wanting to buy investment properties at the bottom of the market, we are seeing more Buy-to-let mortgage products entering the market and even some lenders offering 80% LTV mortgages. There is talk of lenders bringing in 95% LTV mortgages for first time buyers meaning first time buyers will only need a 5% deposit to get onto the property ladder, surely this shows a return in confidence in the market.
Don’t do what amateur investors do and wait until the newspapers tell you it is the right time to buy or Bob or Johnny down the pub, act now and take advantage of the large discounts you are getting of already very low prices.