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Buy-to-let still sound investment as tenant demand soars

Landlord Assist, the nationwide tenant eviction and rent collection firm, believes market conditions for professional landlords have never been better as the demand for rental properties shows no signs of slowing down.

Since the recession the demand for rental accommodation has soared, as would-be buyers have struggled to get on to the property ladder. This has allowed buy-to-let investors to charge higher rents and experience shorter void periods.

Although conditions in the property market are now beginning to show slow improvement, Stephen Parry, commercial director at Landlord Assist, believes the rental market will remain buoyant and an attractive proposition for investment.

He says: “Recent data showed that a third of landlords have been able to increase the rents they are charging on their portfolios. This coupled with increased tenant demand and the fact that the majority of professionals are now estimated to be in rented accommodation for a decade before they buy a property means the situation for landlords is likely to improve even further.”

Managing director at Landlord Assist, Graham Kinnear says: “The number of mortgage products available to buy-to-let investors has doubled since the onset of the downturn, rents have peaked and tenant demand is at an all time high. With such ideal conditions landlords should feel confident about their prospects over the coming months.”

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