Buy-to-let landlords will profit as rents rise by 4.3%.
Demand among tenants is continuing to grow and surveyors predict rents will rise a further 3.9% over the next 12 months according to the Royal Institution of Chartered Surveyors (Rics).
Whilst varying from region to region rents have grown steadily across the UK for some time and is partly down to the problem of the scarcity of mortgage finance and the large deposits required by lenders.
Many people are also choosing to rent due to the uncertainty of the housing market.
The Council of Mortgage Lenders said that buy-to-let lending increased by nearly a fifth in the space of a year.
At Martin & co Stevenage we are a specialist lettings agent and also can give advise on property investment so please call David on 10438 920065 to have a chat about your buy-to-let opportunities.