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Advice available on buying to let

BUYING to let not only represents a solid investment for the future, but it can also generate worthwhile "extra" income, should you choose to rent it out. While becoming a landlord does bring certain responsibilities, a good letting and management agency - such as those accredited by the government-backed National Approved Letting Scheme - will advise you every step of the way.

According to industry statistics, the proportion of UK housing given over to rentals has risen from a low of seven per cent in 1989 to 11 per cent and is predicted to increase to more than 15 per cent in the next few years.

It is important to remember that buying to let is a medium to long-term investment. Should you hang on to your second home or property long enough to pay off the mortgage on it, you will naturally end up with a tidy lump sum yield.

NALS agents will be able to give you advice on the likely rental income from your property, based on their knowledge of the local market.

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