(1888PressRelease)
September 26, 2007 - The advice comes from John Charcol spokesman Ray Boulger, who pointed to an unhealthy housing market as making buy-to-let investment an unattractive option.
Mr Boulger highlighted his belief that house prices are not doing well and are set to carry on this way for the next 12 months at least.
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"The health of the buy-to-let market depends on the health of the property market generally. The starting point is what people expect the property market to do. And we are quite clearly seeing a slow down at the moment," he said.
"From the point of view of buy-to-let investors, I would not recommend anyone enter that market with a short-term view.
"We are in a situation where property prices are set to flat-line for a year or so," continued Mr Boulger.
It is bad news for anyone who wants to generate some extra cash by becoming a landlord or indeed wants to make a quick property sale.
The reasons for wanting to sell a property quickly vary greatly between individuals, with some wishing to release equity, others trying to sell a home they inherited through a family bereavement and others just keen to relocate
