Long-term investors in the UK enjoying low interest rates

Long-term property investors in the UK are benefiting from conditions caused by the financial downturn, it has been claimed.

The news comes after it was revealed that many new landlords were struggling to cope with their new purchases.

Mark Garner, managing director at LettingZone, explained that long-term investors were enjoying the current situation.

"For existing professional landlords, it has never been better because interest rates are at an all-time low so with the property you bought a while ago, the cash flow is looking really good," he said.

However, Mr Garner did concede that many new landlords who entered the rental market within the last three years, were struggling because of the global economic crisis.

Earlier this week, LSL Property Services reported that on average rents rose by 0.3 per cent in February 2010, an increase of 3.2 per cent compared to last year.

The rental company stated that based on current performance, investors looking to buy-to-let could return an average of 8.5 per cent on their properties over the coming 12 months.