If you think you’ve lost out on the buy to let mortgage frenzy which swept through the market like a typhoon over the last few years then don’t give up. You can still find a few brokers doing 100% buy to let mortgage deals on the high Street but admittedly they are tougher to seek out these days.

With the real estate market taking a serious nosedive over the last 12 months and with things still falling quite dramatically, now is a favourable time to plan for the next investment. Timing your move properly could lead to making substantial gains in the medium term.

We have seen a kind of no holds barred status for about 10 years, at least in Great Britain. The housing market has seen amazing growth which has lulled thousands of people into a false sense of security.

People who came to the party a bit late and secured their 100% buy to let mortgage are now feeling the pinch accutely. In fact many people are experiencing the horrible negative equity situation where their outstanding mortgage has a greater value than the value of their property and rental earnings do not cover the mortgage repayments.

For these unfortunates the bubble has well and truly popped! No wonder we are seeing record numbers of repossessions. But this was always on the cards. This unprecedented growth could not build indefinitely and a correction has been likely for some time. Maybe it is one of the reasons we are seeing increasing numbers of people looking for work doing free online data entry jobs in the comfort of their own home. But that’s another story!

It’s great news for those of us who are biding our time ready to snap up some top deals which will certainly come onto the market. In fact for first-time buyers the times ahead are looking quite rosy and we will no doubt see more brokers doing 100% first time mortgages when the market demands it.

So be patient, watch the market like a hawk and make your play when the time is right. Do it keenly and you’ll be sitting pretty for years to come.