Over the last 12 months we’ve seen a new surge in buy-to-let lending, the like of which we’ve not experienced here at The Letting People since before 2007-8 when many investment mortgages were withdrawn.
New rental properties, together with the refurbishment of older rental properties, mean that there is now a better supply of good-quality residential properties to rent coming onto the market.
“We knew something was happening in the last few months as we’ve been rushed off our feet with a new wave of property appraisals for buy-to-let landlords” says our Marketing Director, Caroline Kempster.
“We’ve also seen an increasing number of new let-to-buy landlords – people who have been waiting to move for the last 2-3 years and now see an investment opportunity in renting out their current house or flat to fund moving to a new home.”
These trends currently coincide with strong tenant demand, so property investors and savvy landlords can really benefit at present.
Whether in Leamington Spa or Milton Keynes, at The Letting People we ensure that your property is ready to let quickly and at the highest rental possible. With just a few worthwhile improvements – such as new flooring, curtains, or fresh decoration – many tenants will appreciate a property that’s ‘ready-to-move-into’ and be prepared to pay some additional rent to do so.