Could you be an 'Accidental Landlord'?

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26th January 2012

Could you be an 'Accidental Landlord'?

The housing market is still in a very difficult time with potential buyers still finding it hard to get mortgages. The New Year hasn't really brought any changes with Lenders still having very tight lending criteria.

If you currently have a house up for sale that's not moving you could be an 'Accidental Landlord'.

With a lack of rental properties and still such a high demand from prospective tenants you could help by becoming an Accidental Landlord. If you need to move and are unable to sell by renting out your property you could still make that move.

Amanda Palmer of Martin & Co Littlehampton said 'Sales are still very low in this area and many vendors are now having to look for alternative ways to move home without selling their property and that alternative is to rent out their home. Many vendors also feel they now want a dedicated Letting Agent to rent out their property rather than use the lettings department of their current Estate Agent'.

This economic trend is seeing a transition of the homeowner to an accidental landlord. For many accidental landlords the motivating factor is primarily the financial solution that could be reaped through renting out their property.

If you find yourself in this position please contact Martin & Co Littlehampton - Lettings is what we do!

Martin & Co are the UK’s number one dedicated letting agent and can provide you with expert information on renting out your property.

If your property has been on the market over the winter don't waste anymore time. Get your property let before the Spring, Martin & Co can make this happen.

littlehampton@martinco.com

01903 716622