With more and more first time buyers struggling to get onto the property ladder. There has been an increase in people looking for rental properties. This has fuelled the increase in Buy to Let Mortgage borrowing in the third quarter of 2011 to 34’500, an increase of 16 percent on the previous quarter and an [...]
Despite house prices declining to their most affordable levels in eight years, mortgage lender Halifax said in a survey on Monday that the number of First-time buyers in Britain has fallen to a record low in 2011. Halifax estimated there were around 187’000 first-time home buyers in 2011 which is down 7 percent from 2010 [...]
For a lot of landlords, there seems little point in paying an expensive high streetletting agent, what with the talk of the high demand for rental properties by tenants. Often, the high street letting agents will charge higher fees for getting your properties let compared to online letting agents. This is mainly due to the [...]
This winter proofing your rental property guide is for tenants who are currently renting a property. By making sure you look after the property over the winter months, the property will be less likely to suffer from any problems during the winter months and mean you have less reason to bother the landlord or management [...]
According to the IMLA (Intermediary Mortgage Lenders Association), “nearly three quarters of mortgage intermediaries were unable to source a mortgage for at least one of their clients during the third quarter, helping to fuel tenant demand for the private rented sector. However, most intermediaries remained optimistic that they could help most of their customers.” This [...]
It appears that there is unlikely to be a slow down any time soon with tenant demand still high due to first time buyers finding it difficult to secure mortgages. With demand for rental property all over the UK at an all time high, Countrywide figures show that tenant demand for each property increased by [...]
