Private landlords have been told that a buy-to-let property investment is something more likely to make them money over a long period of time, rather than being a short-term financial fix.

Chris Horne, editor of Property Hawk website, said that this has always been the case, but it could be particularly pertinent considering the current economic climate.

"Really a landlord should be looking at the investment over a 15 to 20-year period and that is when they can measure whether the investment has paid off or not,"he remarked.

However with interest rates at low levels, Mr Horne indicated that private landlords have effectively witnessed rental profits rise 500 per cent in the last two years.

The Bank of England's monetary policy committee has set the cost of borrowing at 0.5 per cent - an-all time low level and a position it is widely expected to stay at for the rest of 2009.

Written by Sarah Field
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