Don’t take advice from desperate mortgage brokers

While it may appear that things are looking up for buy to let investors, they aren't. And if you're going to take advice, make sure it's from someone who knows what they're talking about.

On first glance, it looks like the tide is turning for buy-to-let investors. "The demise of the buy-to-let landlord is overdone," says Richard Fletcher in The Daily Telegraph. Fletcher based this opinion on a press release from Paragon a specialist buy-to-let mortgage broker whose profits are plummeting which reported "a marked improvement in rents and yields over the past six months".

A survey by the Royal Institution of Chartered Surveyors backs up the story. "The net balance of surveyors reporting an increase in gross yields is at the highest level since the survey began," says Jane Baker on Fool.co.uk (records began in 1999).

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