If you think you’ve missed out on the buy to let mortgage frenzy which swept through the market like a sandstorm over the last few years then don’t give up. You can still find a few brokers offering 100% buy to let mortgage deals on the high Street but admittedly they are few and far between these days.

With the real estate market taking a serious plunge over the last 12 months and with things still plumetting quite dramatically, now is a good time to plan for the next investment. Timing your purchase properly could lead to making substantial proceeds in the medium term.

There has been this kind of no holds barred status for about 10 years, at least in Great Britain. The housing market has seen unprecendented growth which has lulled thousands of people into a false sense of security.

Investors who came to the party a bit late and arranged their 100% buy to let mortgage are now feeling the pinch more than most. In fact many people are experiencing the horrible negative equity situation where their remaining mortgage has a greater value than the value of their home and rental payments do not cover the mortgage repayments.

For these unfortunates the bubble has well and truly burst! No wonder we are seeing increasing numbers of repossessions. But this was inevitable. This unprecedented growth could not continue indefinitely and a correction has been likely for some time. Maybe it is one of the reasons we are seeing increasing numbers of people looking for work doing free online data entry jobs at home. But that’s another story!

It’s favourable news for those of us who are biding our time ready to snap up some fantastic deals which will no doubt come onto the market. In fact for first-time buyers the next few years are looking quite rosy and we will no doubt see more brokers offering 100% first time mortgages when the market turns around.

So be patient, watch the market like a hawk and make your investment when the time is right. Do it correctly and you’ll be sitting pretty for many years.

www.neckbuzz.com