Demand is growing for rental properties

Demand for rental property has grown by a 7.4% against figures issued for last year a recent survey has highlighted.

The problem is now that supply of properties has fallen by 21% in the same period. On average for every quality property available to rent 4 people are in competition for the occupancy.

This situation is causing great concern for prospective tenants across the whole of the UK and especially in the areas bordering London.

On top of all these disturbing figures it is expected that the demand for rental properties is likely to increase well into 2019 and beyond. Facts are young couples are still and are increasingly finding it difficult to raise the deposits necessary to buy their own property.

This is all good news for landlords as they are very unlikely to have properties vacant at any time.

Many existing landlords are still seeking to increase their portfolios as lending restrictions get more stringent. Many estate agents across the country are reporting a high demand for the “lettable property”. One agent in the Surrey area commented “demand is far out stripping supply at present and consequently prices are being driven upwards”.

More mature investors are looking to the buy-to-let market to secure better returns on their investments. Even with all the tax changes investors still see the UK property market as a good long term investment.

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Our professional advisers are very experienced in dealing with all types of buy-to-let mortgages both single and multiple. We have access to a vast range of plans and would be happy to discuss your requirements.