Buy to let best as long-term property investment

Property investors have been urged to consider buy-to-let as a long-term investment, rather than an opportunity to make a "quick buck".

11:28 19 October 2004

Property investors have been urged to consider buy-to-let as a long-term investment based upon capital growth, rather than an opportunity to make a "quick buck".

Mortgage broker Mortgages for Business believes that investors should be cautious of schemes offering to make millionaires with little or no outlay or effort.

"The foundations of the buy-to-let market remain extremely solid as long as investors take the sensible view of buy-to-let being a long term investment based on capital growth and not representing an opportunity to make quick buck," said managing director, David Whittaker.

"Anyone who believes that buy-to-let will provide them with an alternative to hard work and a life of leisure may find themselves in for a nasty shock."