Buy To Let Has Growing Appeal
Posted on 24th October 2011
The opportunity to invest in a property to rent out is becoming increasingly attractive, as the exceptionally strong rental demand continues to boom across the UK.
The surge in demand for rental homes, which has seen a boost since the start of the recession, has meant that the average rent in the UK has been pushed up by landlords to record levels.
Neil Ball, Area Manager at Leaders Mortgages, commented: “It’s not difficult to see why buy-to-let is an appealing option for many at the moment. The stock market is alarmingly volatile and interest rates are very low, giving poor returns on savings.
"Landlords are seeing good rental yields and many tenants are choosing to rent for longer now, giving landlords greater security.” The current market conditions make it ideal for those looking to invest in a rental home.
Those considering expanding their property portfolio can take advantage of the current improvements in the mortgage market seen over the past few months. This is because more and more lenders are expanding their product range for buy-to-let investors, with new lenders also entering the market.