Island Life Magazine Ltd April/May 2006 | Page 61

PROPERTY FEATURE Top mistakes for buy-to-let property More and more people are considering a rental property as a long-term investment. Thanks to the buy-to-let scheme, a joint venture of letting agents and mortgage lenders, the whole process has become far more attractive and achievable. But there are mistakes to be made. Here are some of the most common mistakes for first-time investors. Be careful, dont buy a run down building thinking you have found a bargain... Buying a single house or flat: Above: Linda Lovell - Lettings Manager Pittis, Newport. rent and by t