Why now is the time to rent?
Thousands of Buy-to-let landlords face negative equity
It's common knowledge amongst estate agents, that First Time Buyers fuel the real estate market. With mortgage providers tightening their lending restrictions, Buy-To-Let investors who purchased residential property in the last few years are seeing Capital Growth & Rental Yield plummet as rental income falls and mortgage rates rise.
Private landlords consider increasing their potential market
More than 23,200 people with 100% mortgages could owe more than their home is worth, the BBC learns. But the forecast isn't all doom & gloom. Smarter investors are looking at multi-lets as a way of increasing rental yield and reducing vacant periods. Whilst Buy-to-let landlords in suburbia are considering niche property markets such as 'pet-friendly-rentals' which increases your potential market.
Landlords search for tenants
The smartwaytorent.com recently reported a strong increase in demand for rental property in the Thanet area of Kent, which is an encouraging sign for landlords with property to rent in Thanet
Whilst demand is still strong in The City
With all the national news focusing on the downturn in the property market, London Property Consultants, Callum Roberts are finding an unexpected upturn in rentals in The City and The City fringe areas of London.
It's common knowledge amongst estate agents, that First Time Buyers fuel the real estate market. With mortgage providers tightening their lending restrictions, Buy-To-Let investors who purchased residential property in the last few years are seeing Capital Growth & Rental Yield plummet as rental income falls and mortgage rates rise.
Private landlords consider increasing their potential market
More than 23,200 people with 100% mortgages could owe more than their home is worth, the BBC learns. But the forecast isn't all doom & gloom. Smarter investors are looking at multi-lets as a way of increasing rental yield and reducing vacant periods. Whilst Buy-to-let landlords in suburbia are considering niche property markets such as 'pet-friendly-rentals' which increases your potential market.
Landlords search for tenants
The smartwaytorent.com recently reported a strong increase in demand for rental property in the Thanet area of Kent, which is an encouraging sign for landlords with property to rent in Thanet
Whilst demand is still strong in The City
With all the national news focusing on the downturn in the property market, London Property Consultants, Callum Roberts are finding an unexpected upturn in rentals in The City and The City fringe areas of London.
posted by The Editor
5 Comments:
News today that the Halifax have cut their rates for the second time in a week, will bring joy to many faces who have been waiting to cash in on the falling housing prices.
Now is the right time to join to buy-to-let set!
More good news for investors. Rents are soaring. Up nearly 10% over the last year according to reports from buy-to-let lender Paragon Mortgages, rents are working nicely to offset increased costs for landlords, coming in at an average of £1,000 a month.
Buy-to-let property investors are in the same position as many sub-prime borrowers. Void periods can lead to repossession. Therefore securing committed tenants is never easy even in a good market, but one such type of renter is a corporate client.
Corporate tenants are becoming increasingly popular with buy-to-let landlords. A December 2007 survey of 140 landlords found 27 per cent of those letting property targeted the corporate tenant market, up from 14.4 per cent since the beginning of the year.
You can contact the company directly through it's HT department or get into the market via relocation agents.
Apprarently you can earn up to £4,250 tax-free a year!
If your serious about letting your property be sure to visit The Property Investor Show – London, 19th - 21st September 2008. Where Paul Shamplina (Landlord Action)will show you how to avoid that tenant from hell!
The Guardian newspaper this morning carried a full page advert for HM Government which stated "Landlords must arrange an energy efficiency check-up on their property before renting to a new tenant." Seems it's now statutory that private landlords have to go through with this charade too! Check out www.direct.gov.uk/epc to find out how this could affect you.
Lettings business has increased by about 50% in the last 3 - 4 months
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