Figures show buy-to-let investors make a profit

According to new figures an increasing number of buy-to-let landlords are making a profit thanks to recent cuts in the bank base rate and a high demand for rental properties. Latest figures show that 75% of landlords are making a profit and profits are up 5% on the last quarter, which represents a return to the same period in 2007*. With this in mind shrewd buyers searching for an investment property could find what they are looking for at Redrow @ The Wharf, in Leighton Buzzard.

Tonia Tyler, area sales manager for Redrow Homes (South Midlands), said: “The outlook for buy-to-let investors is positive, with banks lowering their interest rates, and some great deals available from developers.

“Such is the high quality and specification of our waterside apartments at Redrow @ The Wharf, they represent a good long-term investment prospect for buy-to-let purchasers, who can use rental income to subsidise a mortgage in the short term and still know that the property is likely to be worth considerably more in 10 to 15 years time.”

Situated alongside the Grand Union Canal, Redrow @ The Wharf has apartments priced from just £145,995 and offers something which is hard to find in the bigger cities – a spacious home minus the hefty price tag.

As well as being drawn to the contemporary style, canalside living and the amenities of Leighton Buzzard, an historic market town, buyers are also sold on the fact that Milton Keynes is just 20 minutes away by train and London Euston can be reached in under an hour – commuting heaven for city workers in search of a home away from the rat race.

The apartments are ideal for a range of buyers, including friends buying together – with two good sized bedrooms, two bathrooms, a spacious open plan kitchen and living area and a balcony, which provides some refreshing extra space.

And prospective purchasers on the look out for the easiest route to owning their own home can speak to the on-site sales consultant about the number of flexible incentives tailored to suite their needs - available under the umbrella of ‘re:assure from Redrow’.

Leighton Buzzard itself is a bustling market town, boasting many shops, a post office, a medical centre and beautiful historic buildings dating back to the Middle Ages.

To find out more about Redrow @ The Wharf, log on to Redrow.co.uk.

*Research carried out for buy-to-let mortgage brokers the Money Centre