The Buy to Let Business

For many people Buy to Let is becoming a mainstream alternative to traditional investments such as pensions and the stock market. Mintel reports that 3% of homeowners are considering buying another property to let by 2010, doubling the number of current landlords.

Tanveer Karim, Commercial Director says “Despite the tax relief benefits, many people today are exchanging their traditional pension for property. With pensions not offering their previous returns and the real cost of living accelerating at an alarming rate, property investment continues to grow in popularity as an alternative investment vehicle.”

In 2006, Buy to Let lending accounted for 11% of all mortgage lending figures and the Council of Mortgage lenders (CML) revealed the buy-to-let sector turnover amounted to £38.4 billion of all mortgages processed. Historically low interest rates and less restrictive tenancy agreements have all helped fuel the buy-to-let market. Mortgage lenders have grown more confident in the buy-to-let sector and they are currently offering more attractive buy-to-let mortgage deals. Ying Tan, Managing Director comments “Investors are seeing the benefits of investing in bricks and mortar and good returns in the buy-to-let market continue to be achieved by the astute investor, as long as you manage your risks, and conduct thorough due diligence. Our only word of warning would be to keep an eye on the ever changing legislation which can catch out the uninitiated”.

Recognising the opportunity in the marketplace, The Buy to Let Business was recently established as a buy to let mortgage specialist by three very successful and experienced property entrepreneurs. Drawing on their own experience in the market place, they are able to provide sound property investment advice in conjunction with the best mortgage products to landlords of varying experience. They also understand the necessity for the best possible service levels and speed of mortgage offer, which form key drivers of the business. Chris Hedley Financial Director states “we help our clients to build substantial, profitable portfolios using innovative financing and the power of leveraging.”

Managing Director Ying Tan graduated in 1996 with an Honors degree in Accounting and Finance. He is a qualified Chartered Management Accountant (CIMA) and a member of the Institute of Financial Services (CeMap). After graduating, Ying worked in investment banking for 6 years and at the age of 26 was made a Vice President at Goldman Sachs. After purchasing his first investment property at the age of 21, he has since built a substantial portfolio over the following 10 years and has been instrumental in the success of numerous property entrepreneurs.

Financial Director Chris Hedley, is a qualified accountant (FCCA) with extensive experience in Banking and Finance having previously worked as a senior manager for Deutsche Bank. Chris has built a large portfolio of both residential and commercial property over the past 10 years and has an excellent business track record. His most recent project being the successful acquisition and redevelopment of a town centre hotel with a shopping arcade, and it’s transformation into a lucrative and profitable business.

Commercial Director Tanveer Karim, holds a BSC (Hons) in Business Management and is currently in the final stages of his MBA at Cass Business School, City University. Tan has over 10 years of sales and sales management experience in the IT software sector. Tan has a proven track record in property investment, having purchased his first Buy to Let property some 10 years ago. Since then he has built a substantial profitable and high yielding portfolio in the South East, as well as undertaking numerous property development projects

The Buy to Let Business has seen phenomenal growth over the last eighteen months since inception and has increased staff levels from three to thirty employees. This growth looks set to continue as they build on their position in the market place.

For further information, visit thebuytoletbusiness.com.