Rents hit a two and a half year high

The difference between the number of surveyors reporting rising rents and those seeing declining rents has reached its highest level, at 39%, since Q2 2007 says RICS.

The lettings market is continuing to strengthen which is good news indeed for the long suffering property investor/landlord

Jeremy Leaf, RICS spokesperson, said:

"The lettings sector has become increasingly strong over the past nine months...

As a result, rents continue to rise with supply failing to keep up with demand. However, there are increasing indications that more landlords are recognising these benefits and looking to add to their portfolios - especially as there has been a rise in the number of providers willing to offer investment mortgages in recent months."

Now whilst the number of lenders and number of buy to let mortgage products is still some what subdued it is still the case that most people can get buy to let mortgages if they have good credit and the deposit. If you are looking to purchase a new buy to let property or in need of a remortgage then give us a call to discuss your requirements.