2011 said to be a good year to become a buy to let landlord

People planning to take out buy to let insurance on a new house may be pleased to hear it has been claimed now is a good time to invest in property.

The Daily Mail reports high rental demand means those with plenty of capital have the opportunity to snap up a bargain.

However, it warned potential landlords need to be aware of the risks involved, noting many people lost out when prices slumped following the last housing boom.

Kate Faulkner of advice site designsonproperty.co.uk told the newspaper: "This will be a good year to become a landlord."

Regional variations on house prices means people need to choose property carefully though, she continued, advising them to speak to letting agents about the area and the types of houses or flats tenants are looking for.

Recently, director at LandlordZONE.co.uk Tom Entwistle predicted Britain's ongoing economic problems will continue to support demand for rented property.

Posted by Tessa Norman

Get a buy-to-let property insurance quote today from Simple Landlords Insurance.