Buy to let is back
According to a report by the Council of Mortgage Lenders an increase of 17% in the number of buy to let mortgages was reported and a 20% increase in the total value of the loans. Anthony Kempster of The Letting People comments “this is welcome news as in the Leamington Spa area we are still experiencing a shortage of good quality rental housing stock for prospective tenants”
If the trend is repeated here in Leamington Spa, we should expect the frantic searches of prospective tenants particularly before the start of the university term being eased.
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We had purchased a rural property and were unable to sell our old house. The Letting People were the only agent that supplied me with enough detailed information to inspire me with the confidence that they were able to handle letting our property. We were delighted with the excellent standard of the tenants and the good rental achieved. Ms J,, Landlord, Warwick