Buy-to-let sentiment has remained positive despite the decision to exit the European Union. There had been speculation that the market could stall if the British public voted to exit the EU. What is very pleasing is that to date there is no sign of this happening. Clients who are in the process of purchasing buy-to-let properties following the Brexit vote are very positive indeed. One local landlord said “they have thrown challenges at us before and we have come through so why not this time”. “It is very clear to me that people will always require a quality rental property even if we are no longer in the EU”. It remains to be seen if this attitude continues but the signs are very encouraging. More good news for landlords as figures just released show property prices increased slightly in June amid all the Brexit news. The latest rental index figures show rent increases in 8 of the 12 regions across the country. The least increases were in the North of the UK and in some areas they struggled to maintain current levels. The South and the Midlands showed the greatest increases which is not surprising as this is normally the case. One substantial growth area was East Anglia and in particular Cambridgeshire. Need some help? If you require assistance with your new or re-mortgage please do contact one of our fully qualified advisers and they will be pleased to assist.
