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"Caution is the key to success" for Bristol property investment

22 January 2010

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Property remains one of the best options for investment but people keen to buy Bristol property should be careful.

 

This is according to Tom Entwistle, editor at LandlordZONE, who said that "caution is the key to success" when expanding a housing portfolio.

 

He suggested that investing selectively in the right areas and choosing well-priced residences in good areas is important.

 

His comments come in the wake of the release of Paragon Mortgages research, which revealed that the current lending market is preventing landlords from purchasing more property.

 

It found that 67 per cent of such people who applied for home loans in the fourth quarter of last year thought that it was more difficult to secure finance than in the previous three months.

 

Mr Entwistle went on to say: "Many landlords who would like to invest right now are being prevented from doing so by a restrictive mortgage market."

 

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