Buy to let
The current climate is widely considered optimal for landlords who are looking for further investment as a means to solve the problem of undersupply in the private rental sector, and news that heart's buy-to-let remortgaging deals have hit a high for the year indicates that many are moving to do so, and as well as existing landlords taking steps to use the equity held in their assests to make new purchases, it appears homeowners are doing the same as they attempt to grab a slice of the action in the lettings market. "Some homebuyers are using the equity in their current properties to invest in buy-to-let for the first time", said David Barbour, Martin & Co, Whitley Bay. "There are still many great opportunities for landlords to maximise their yields from all sorts of property across the country and my feeling is that our buy-to-let lending will continue to grow during 2012. Given the potential for high yields and the expectation that demand for property in the private rental sector will hold strong, it seems that both current and prospective landlords see letting as a sensible and safe step as they try to find the funds needed to purchase new holdings. Yet while good returns can be made from buy-to-let properties there is always the risk of unexpected costs arising, so David Barbour advises landlords to ensure they have all the insurance cover they need. "Sometimes they (block insurance policies) can be a little bit limited in terms of some of the degrees of protection". As such, it appears that investors may shop around for contents insurance quotes if they are to give themselves as good a chance as possible of securing a strong portfolio. If landlords continue to come into the market in a bid to take advantage of the demand among prospective tenants, the issue of undersupply may be addressed to a more notable extent in the future.
Martin & Co, Whitley Bay are a leading letting agent with a back log of prospective quality applicants seeking rented accommodation. If you are a current or prospective landlord with a property to let in Whitley Bay or the surrounding areas call us today on 0191 2535666 to see how we can help you.
If you are a current or prospective landlord with a property to let in Newcastle upon Tyne visit Martin & Co, Newcastle upon tyne.
If you are a current or prospective landlord with a property to let in Cramlington visit Martin & Co, Cramlington.