Fall in the Property Market. By Kate Fenton

Buying to Let is a fairly new phenomenon which over the last decade has managed to be a new form of entropenure in which with a certain amount of income, making money by letting a house or flat.
With the recession in Britain, Im finding it harder to find how and were I can get a mortgage from and how much income I actually have to be receiving in order to even get my hands on a loan.
Heres my top tips on how to go about buying to let:

1. Good location. Try and avoid busy roads, airports and train lines, as the noise is a big factor to where people want to set up their home.

2. Making sure its dry and secure If you do find a property which needs a small amount of work before letting out, find out from a professional how fixable these problems are before committing to anything.

3. Noisy neighbours Neighbours and surrounding tenants may lead to buyers not wanting to buy the property so check or ask around before buying. Its hard to sell when there are particularly load or rude neighbours.

4. Access problems Normally when the location of a property is somewhat off the floor and a struggle to get to, it becomes an issue for potential buyers.

5. Architecture The form and structure of a property is very important. If there is any chance its not in proportion, the tenants could be in jeopardy as it could possibly collapse. The strength and proportion holds a lot of problems if not up to standard and money could easily be lost without enough attention to this area.

6. Interiors Although the interior if a house could be easily adapted and changed, it still needs to be of basic standards and not too ludicrous as this may end up costing more money then its worth, and more importantly, more time.

7.Darkness The lighting of a house is important, especially in wide and regularly used rooms. The whole effect the house will have on a visitor and more specifically, the buyers, will be dependent on the whole vibe of the house. It will be hard to give a possitive impression when the house leaves dull and gloomy tone for someone to view.

8. Inflexibility Getting a lawyer to check the lease is vital as there may be terms or clauses that is uneasy to annsially see.

9. Poor management Check the managing agent's track record. Speaking to other tenants or residents in the surrounding houses or blocks may be necessary to avoid future problems.

10. Properties with a past A house with any association of a crime is difficult to sell and will become evident instantly when walking into the location of the property.