THE Council of Mortgage Lenders’ figures prove that confidence in the buy-to-let market is sliding. But does that make now a good time to sell up? Here are some tips on how to deal with the downturn.
I have a buy-to-let portfolio. What should I do?
If you believe the property market is likely to dive 20% or more, now could be a good time to collect any profits.
Ray Boulger of Charcol, a broker, said: “People who bought in, say, 1999 may feel it’s a good time to sell if they are pessimistic about the market. There may also be a case to sell a property if rental supply exceeds demand in your area.”
There are costs in selling, however — particularly if you