April 8, 2010
Take Advantage Of The Rental Drought With A Buy-To-Let Mortgage
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There are simply not enough rental properties in the UK and people are crying out for good accommodation – so take advantage of the drought by investing in profitable buy-to-let right now.
Thanks to a lack of new homes being built coupled with people's inability to get mortgage credit, the UK is in dire need of good quality rental accommodation, according to the Association of Residential Letting Agents.
It found that more than half of respondents at its latest conference said there is an insufficient supply of rental stock as the biggest issue facing the sector. Ian Potter, operations manager at ALRA, says: "This is a very serious issue. At the end of last year we highlighted that a lack of properties will be a defining factor in the housing market in 2010 and our member agents across the country have confirmed this opinion as fact. The UK is in dire need of good quality rental accommodation."
Demand for property means rents rise and that means more potential profits for buy-to-let mortgage investors. If you pick the right property you can afford to set your rent higher than if the nation was awash with property.
If you have the right property, the right mortgage and the right advice under your belt, there is no reason why you cannot make a killing through renting out a buy-to-let property. Talk to a buy-to-let adviser today about taking on an investment property that can offer you returns better than any other investment vehicle.
SOURCE: ARLA, 27/03/10
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