Investing in a property portfolio can start from as little as GBP25,000 and sometimes less, but in our view the quality of both the housing stock and the tenant types are compromised, and the portfolio building concept of refinancing each property cannot be followed. This is due to the fact that lenders are scarce where a property has a value at under GBP30,000 and indeed lenders tend to flit in and out of these market segments. Interest rates are also usually one or more percentage points higher than regular finance rates. Housing stock at these levels often attracts the very worst kinds of tenants, often a younger and more transitory type of tenant, so exposing landlords to more frequent void periods and higher potential maintenance costs. In our view the hypothetical claims of higher rental yields do not materialise in practice and are to be avoided.