Despite 96% of tenants surveyed last year (rightmove.co.uk LBB26) still dream of owning a home someday and the onset of Help To Buy mkII demand in the lettings sector remains very strong as some 60% surveyed are unable to make the move in the near future.
Over the last 3 years the gap between the supply of new properties and tenant demand grew to new levels as well as average rents. Despite the UK firmly being a nation of home owners the buy to let market has surged in the last year with investors attracted by better returns available by other asset classes. Capital values are also increasing a tenant demand increases in a market short of stock.
As mortgage brokers we offer a significant upside to the canny investor looking to grow a portfolio for capital appreciation or maximum returns. The demand for mortgages for HMO’s (Houses in Multiple Occupation) for example has remained constant through the turbulent years whilst lenders have deserted the market due to unsustainable losses in other areas of lending, primarily commercial. We have links with banks and lenders willing not only to lend to the professional landlord but actively help grow their business with loans and valuable buy to let mortgage advice.
Buy To Let Mortgages