'Cash-rich' landlords urged to buy

Landlords who have cash available have been urged to enter the buy-to-let market by property experts.

LettingZone.com has called for property investors to take advantage of the positive state of the marketplace by purchasing new homes.

However, website owner Mark Garner insisted that only landlords who understand let property insurance and other technical issues within the sector should consider buying.

He said: "If you're a cash-rich landlord and you understand the market, it is a good time to get into the market.

Mr Garner suggested that the "bread and butter" of the buy-to-let sector – two up two down houses – is one of the best options for landlords.

"I think it would be a great long-term investment. It is a long-term investment though; it is not a short-term profit," he added.

The Young Group recently indicated that landlords in the UK are growing in confidence with regards to the situation within the rental market.

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