Got home to find a local estate agent had put a glossy card through the door encouraging people to start or expand theur property portfolio. Talk of interest rates at an all time low, rising yields and rising capital values with pictures of stacked gold coins! Not only is it in my opinion irresponsible but also immoral. Government is trying to help first time buyers with deposits while these sort of people show pictures of the sort of flats, etc that such people may be able to buy as propspective buy to lets.

The sooner property agency is outlawed the better!

Have to agree with your thread title, I have lost count of the number of credit card and loan offers sent through the post recently (after a relatively quiet period), the banks have obviously not learned their lesson. On the subject of buy to let, I have noticed when new housing projects are finished the first boards that seem to go up first are the to let ones, making it pretty hard for first time buyers to get on the property ladder when they've been snapped up by property portfolio holders.

How low are the interest rates?

mind you, if Uncle Sam does the unthinkable and default on their huge debts in a few weeks tim, we'll have no banking sysyem and no economy anyway.

This is like whining about a tampon ad because you're a man. Which I'm sure Dally has done.

Actually it is a serious issue but I don't suppose such things bother your little brain?

It's an estate agent touting for business. If someone with your thinking power suddenly decides that property investment is a good idea because they got a glossy card getting dismissed by the estate agent after a 2 minute screening chat will persuade them otherwise.

It's not a serious issue at all. You haven't found enough to whine about in your trawl of the DM website so now you're whining about this.

It is serious. Indeed I question whether it is close to investment promotion (which is highly regulated). They go as far to quote current rental yields of up to 6% and say they can advise where to buy. Given that they are local - can that be good advice? In areas of London (half an hour away) you can get significantly higher yields with, I believe, less capital outlay. Will they be adviising on those properties - I think not? If not, why is this legitimate "touting for business" whereas if say an IFA advises to invest in poor financial products they are sanctioned and have to be qualified / highly regulated in the first place. It seems to me there is a huge loop-hole in the law here?

A business advertises its services, perhaps bigging up the potential benefits. Well I never!

Who is Tim?

The US won't default, it's Republican brinkmanship again.