Leaders Real Estate Agency are reporting that they are seeing a substantial increase in people wanting to invest in BTL properties. Most of us were aware that with the recent loosening of the bank purse strings for experienced landlords many were looking to expand a healthy portfolio. More surprising are reports that a lot of the enquiries are from people who want to invest in property for the very first time.
Leaders’ managing director, Paul Weller, says:
“Buy to let finance is still not easy to come by, but the situation has improved slightly in recent months, with more mortgage products and better deals coming onto the market. This, coupled with the extremely high demand we are experiencing for rental accommodation, has prompted many investors to take a fresh look at buy to let.”
He further goes on to say that given the right guidance they are confident that buy to let is still a great investment. He may well be right. The predicted housing crisis is almost certain to put landlords in avery strong position should it eventuate.
The government does not seem, on the surface of things anyway, to be taking very strong measures to avoid a housing shortage so the chances of it happening are not decreasing any. The private sector could well be in a position to go from strength to strength, returning profits for its investors and providing housing to the nation. Let’s hope so, hey?
