With lending to buy-to-let landlords said to be at an all-time high and cash-rich investors looking for a secure home for their monies, we are certainly witnessing a marked increase the number of enquiries we are receiving from both existing and new landlords to add to or build their rental portfolios.
And with the supply of quality properties for sale in the preferred local rental “hot spots” not currently meeting demand, we are seeing prices edging up ahead of the “Help to Buy” scheme extending to the resale market. It certainly looks like a good time for would-be sellers of one and two bedroom flats in the city centre or quality family homes in the more popular local addresses, to take advantage and maybe move up the property ladder – or perhaps even rent themselves and be ready to offer a chain-free purchase to other sellers later in the year.
Rental demand is high as “out-of-towners” looking to check-out the area before making a purchase decision, compete with local families and young professionals for the best properties around. After the busiest late summer period of property sales we have experienced since before the recession, our lettings department are taking more and more enquiries from investors looking for advice on what and where to buy – with many gearing-up and taking advantage of some great deals on buy-to-let loans of 75% loan to value and no doubt buoyed-up by the general recognition that there is no longer any stigma about not owning your home and “Generation Rent” is here to stay.
So, if you are thinking of selling or letting your home or looking to build your portfolio – give us a call or pop in for a coffee and chat.
Our experienced team would be keen to help!