When I first used to buy properties your biggest competitor after the shrewd buy to let investor was your first time buyer. This was because they:

1. had the big lenders behind them all scrambling about for their business
2. were less focussed on value and more focussed on aesthetics
3. were in abundance!

This meant that they had:

1. Plenty of money because the lenders would offer to pay the full asking price and more for their chosen property
2. No idea of rental values of the property if they decided to let it out
3. plenty to compete with with other first time buyers as they also had the same access to lending as they did.

Well its all changed, 100 per cent financing has been heavily restricted as a lot of lenders have pulled out of the market. This means this leaves the field open to buy to let investors. I hope you take advantage.

Good luck with your hunt.

If you need help with finding hot property investments contact my office - enquiries@ahuja.co.uk.

Ajay

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Posted on: 26th Feb 2008