Buy-to-let history

 

Below market value property investors essentially buy properties to either flip and sell for a profit or invest and let out for the long term. Today I’m going to go over how the buy to let industry came to be here in the UK.

In 1988 the Housing Act was abolished making it easier for landlords to evict problem tenants, which made the buy to let investment far more attractive. Coincidentally the property crash of the early 90’s increased demand for rented property, which further propelled the industry forward. The phrase Buy-To-Let was introduced by ARLA (Association of Residential Letting Agents) in 1995.

The massive growth of the buy to let sector can be attributed to the volume of mortgage deals on offer and the opportunity for not only seasoned BMV property investors, but also amateurs as well. Many people since its inception have used property as a pension fund for later years. Others have chosen to build massive buy-to-let portfolios, quit their day jobs and go into it full time.

In the early to mid-noughties property investors managed to accumulate huge profits from price rises and rental income, but since the recession and the fall in the property market the game has changed and long term investment is the main focus. If you want to source and invest in property, BMV properties are the best way forward.

If you are interested in finding below market value property you can request our list of properties from our homepage.

No related posts.

 

Discussion

What do you think? Leave a comment. Alternatively, write a post on your own weblog; this blog accepts trackbacks [trackback url].

Leave a Reply