Buy-to-let success 'requires cautious approach'

Caution is the key to the success of buy-to-let landlords renting property in Surrey expanding their portfolios, it has been claimed.

Landlords are being understandably cautious with their investments so early on during the economic recovery, according to LandlordZone.

The website's editor Tom Entwistle also notes that building up lettings property portfolios is proving difficult due to the lack of finance available from lenders.

He explained: "Given the strength of the private residential lettings market in the UK, landlords will continue to build their portfolios.

"However, caution is the key to success, investing selectively in the right areas and in the right properties at the right prices."

His comments follow research by Paragon Mortgages, which indicated that one in ten landlords is considering expanding their portfolios during the first quarter of 2010.

Nearly two-thirds of respondents admitted that they are looking to purchase terraced property, while only a quarter are considering semi-detached property purchases.

Article Date: 22/01/2010