The right time to invest?

House prices are low, mortgage interest rates are competitive, traditional investment returns are poor. Therefore, purchasing a property as an investment might be viewed as an opportunity to make decent returns on savings. Let’s look at this in more detail.
A ‘Buy to Let’ mortgage is specifically targeted at borrowers who wish to invest in property to let out. The rental income landlords receive should generally exceed monthly mortgage payments and will help to offset maintenance/management costs as well as making some profit!
As a result, more and more people are looking at Buy to Let as a viable option for:
Planning for retirement.
It is a sad fact that many people in UK do not plan sufficiently for retirement. Additionally, large numbers of pensions and endowments may fail to perform to target or pay out as expected. As a result, purchasing an investment property might be considered as a flexible, controllable means of planning for retirement and also a medium to long-term investment.
A second income from property.
Investing in property can deliver a modest monthly return over and above the mortgage payments and be drawn as additional income or (with a flexible loan) used to “overpay” the mortgage. This might lead to early redemption and a nice profit once the mortgage debt has been re-paid. There are, of course, no absolute guarantees!
Letting as a long term investment.
Repayment terms range from 5 to 30 years so some might consider Buy to Let as a viable medium to long term alternative to more traditional investments vehicles.
These options do give rise to potential taxable implications (no surprise there then!) and these should be investigated with your financial adviser/accountant.
Finally, other news - The cost of fixed rate money nose-dived last week, prompting lenders to, against some expert predictions, lower fixed rates! Some have already launched reduced rate deals giving new customers some great fixed options. If you want to fix your monthly mortgage costs for the next 2 to 15 years, there’s no better time to be speaking to your local and independent mortgage brokerage!