Tuesday, September 28th, 2021
A recent report by HomeLet (a leading supplier of specialist products and services to the private rented sector) states that rents have risen in August for the third consecutive month, and furthermore that every region in the UK has recorded a rise too.
In fact, using a month-on-month comparison, the report notes that August rents are 2.3% up when compared to July. **
Given the resilience shown by the private rental market throughout the coronavirus pandemic, property owners may have had good reason to be cautiously optimistic. As such, it is not really a surprise to us as a specialist buy to let mortgage broker that investment in buy to let property has increased.
Indications are that as demand for housing continues to outstrip supply in areas of the UK, monthly rents will continue to rise. This obviously benefits existing investment property owners and in the longer term is likely to encourage new landlords to enter the market.
Whilst some buy to Let property owners focus on rental yields over the long term, others are more interested in the potential for capital appreciation. These two factors are often enough to encourage new or additional investment, especially where both are in play.
Of course, there can be no guarantees, and with the end of the furlough scheme approaching it is likely that some landlords and tenants may experience some real challenges.
By providing tailored mortgage advice in relation to new and existing properties, the experienced team here at Caboodle Finance helps clients meet their portfolio objectives by using a comprehensive panel of mortgage lenders. In short, we believe that great mortgage advice is an essential part of any investment planning, and we can help you with that.
For a no-obligation chat to discuss your buy to let requirements in complete confidence with one of our friendly experts, just call Caboodle Finance of Sutton Coldfield, Birmingham on 0121 308 9114, or, alternatively, complete our web-based form by clicking HERE and we will get in touch with you to discuss your project.
We very much look forward to hearing from you.
** Source – Mortgage Finance Gazette (02-09-21)
Caboodle Financial Services Ltd
Mere Green House
46-48 Mere Green Road
West Midlands B75 5BT
Telephone: 0121 308 9114