Buy-to-let market regaining confidence
16/11/09
The trials and tribulations of the buy-to-let market seem to be alleviating over past months, as portfolio expansions and reductions in remortgages bring confidence back to the dented sector.
Buy to let investors have returned, so say
most recent figures highlighting that estate agents have reported an increase
in landlords who have bought property in the three months to September.
Royal Institution of Chartered Surveyors (RICS) figures show a 2 per cent
increase in surveyors who reported an increase as opposed to a drop in buy to
let demand in the three months prior to September.
The RICS figures are the first indication of a recovery in the buy-to-let market, which was hit hard by the sharp drop in mortgage availability.
"There has never been a better time to capitalise on the buy-to-let market," Jim Parker, a landlord of 15 years told The Times. "There is virtually no return from the banks, but there are some great bargains out there. Housing is in short supply and rents are increasing. If you have the deposit to put down, now is the time to buy."
Linda Jones, Loosemores' Managing Partners says "With fixed fees agreed in advance, the same experienced lawyer throughout, and regular updates on progress at every stage, our specialist property service, Pendulum, is ideal whether you are a ‘first-time' landlord, or expanding your portfolio".