The demand for rental accommodation last year saw buy to let mortgages soar in popularity as savvy landlords used the boom to generate significant revenue.
Rent paid by tenants increased by 19.4 per cent meaning many buy to let landlords made large profits. With the property market in decline, rented accommodation is expected to remain popular, meaning now is a good time to buy to let.
If you've often thought about getting a buy to let mortgage and turning your hand to a career in the property market then many experts are advising to act now or forever hold your peace.
John Heron, managing director of Paragon Mortgages commented, "Many buy-to-let landlords will be expanding their portfolios in 2008 as they look to respond to demand from potential tenants."
There is massive money to be made in buy to let mortgages. If you get the right property, with the right buy to let mortgage deal you could be on to a real money spinner. Be warned though, many have tried and failed.