Many ordinary people decided to jump on the buy-to-let bandwagon in the past decade – it seemed to be a licence to make money. And in fact many investors made a lot of money simply by buying at the right time and place. But today, more investors have a fear that they may be more at risk of repossession. Being unable to stop house repossession can be devastating on any property and can certainly spell the end of any budding property developer’s career.

But you can stop house repossession and salvage your finances by opting for a fast house sale. Although you can still make money from the buy-to-let market you need to do your research and understand the market as well as enter it with your eyes wide open. The current economic climate makes any kind of property investment tricky but especially the buy-to-let market. You may end up having to find ways to stop house repossession if you’ve not invested wisely. Points to consider include:

• The fact we are entering a buyer’s market – a property crash will mean property is more affordable for first time buyers which will impact on the rental market
• The fact interest rates are so high – it could end up being very expensive being a landlord, not just to maintain the property but to find a paying tenant who will cover an expensive mortgage – making profit margins harder to achieve.
• If a property is empty, you need to be able to afford that risk – otherwise you may be unable to stop house repossession if you fall behind on mortgage payments.
• As house prices have increased and now stalled, the room for making money on property may have met its day – property prices are expected to freeze and even drop in the next few years.

Factors to consider before you think about buy-to-let are:

• House prices are cooling and lenders have tightened their belts since the Northern Rock crisis – so you will need a bigger deposit to buy.
• To get a buy-to-let mortgage you may have to prove to the lender that you have done your research property showing you are not vulnerable to house repossession
• Beware of new-builds, the market is awash with them and you could end up losing capital and rental income – and even end up being unable to stop house repossession if you don’t have emergency funds
• The government launched a new licensing scheme for houses in multiple occupancy so you will need to adhere to certain standards before you can legally rent a property – this may cost you more then you planned.

njoy.co.uk is a dedicated website that can help get you the best price for your property from committed cash buyers in your area. We aim to have you a cash offer in principal for your house within 24hrs of you registering your house on njoy.co.uk.

Many of our registered investors can offer you a 'sell and rent back' option, where they will buy your house for an agreed price, and allow you to stay in your property as a tenant. This may enable you to pay off all your debts in one easy stroke by releasing the equity tied up in your home. If you wish to discuss the process then we would be delighted to talk to you at your convenience, our customer service team can always be contacted either by telephone 0845 337 0038 or alternatively you can email your query to: info@njoy.co.uk