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More Good News For Landlords…

May 16th 2013
By: Melanie

Landlords had a good year last year, and 2013 is expected to be the same, due to an increase in lending for buy-to-let properties and record low interest rates. Rents are 4.2% higher than the same time last year, and this upward trend is due to continue, showing that the average total annual return to have risen to 6.3%, representing a £10,329 return.

It is expected that demand for private rented property will remain strong for the foreseeable future, as potential homeowners are unable to get on the property ladder. Resulting in more tenants renting for longer periods, that has given greater security to landlords. The result is a steady income, the potential for capital growth and watching inflation lessen the value of their mortgage over time.

Statistics from LSL Property Services shows rental prices have increased by over £50 a month since 2008 – and this, along with house prices facing pressure in the current market, is leading to increasing yield opportunities for investors.

If you are looking at investing in a buy-to-let then why not contact one of our branches, we have great local knowledge, and will be able to assist you from choosing the best properties to accessing a buy-to-let mortgage.