Buy-To-Let 1st May 2015The buy-to-let market is booming, and predictions are that it is likely to grow even more, as investors realise the potential income that lies in renting out properties.
The issue is one of supply and demand. There are not enough rental properties for the number of people who now want to rent. This means that excellent rents are being achieved for good, well presented properties in the right location. The number of people wanting to rent has also led to void periods being at all- time lows, as properties are quickly filled as they become vacant. Furthermore, there is now a good selection of buy-to-let mortgage products available to investors.
Buy-to-let presents a fantastic investment opportunity for retirement savers, who are keen to save for a retirement plan. According to a recent survey by specialist mortgage lenders Kensington, over half of those saving towards their retirement say they would consider investing or are already investing in buy-to-let properties to increase their retirement income.
The buy-to-let market certainly seems set for continued growth. It poses a tempting prospect for anyone new to property investment, and existing landlords are already reaping the rewards, and adding to their portfolios.
However the rental industry is far from straightforward and trying to negotiate your way through the regulation minefield will be a step too far for many. An increasing number of regulations are being introduced throughout 2015 and beyond, with financial penalties for failure to comply (see newsletter article, Property Letting Regulations). The Key Place has a thorough knowledge of all existing regulations and keeps abreast of those in the pipeline. If we fully manage your rental property for you, then you can sit back and relax, enjoying the financial rewards your investment brings, whilst knowing it is in safe hands.
The Key Place is keen to work with people considering buy-to-let investing. We can help can source high yield properties in the areas in which you want to buy, find the best mortgage, complete the acquisition and fully manage your investment. Contact us now for further information.