Leaders: Landlords are looking to expand portfolios as activity increases

Landlord Expert
By Landlord Expert March 22, 2010 14:46

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.”

Leaders are confident that, done with the right advice and guidance, buying to let is an excellent long-term investment. Recent Government figures from the Communities and Local Government's English Housing Report, published last month, confirm the increasing importance of the private rented sector (PRS) in the UK's housing needs, with a growing proportion of households living in privately rented accommodation.

The figures show that the number of households renting privately has risen by one million since 2001, from 2.1 million to 3.1 million in 2008-09. The PRS now accounts for 14.2% of all households in England, up from 12.7% in 2007 and 10.1% in 2001.

Mr Weller continues:

“This trend looks set to continue as renting grows in popularity. Our branches across Sussex, Surrey, Hampshire, Berkshire, Buckinghamshire and Dorset are seeing more people turning to renting, whether through necessity or choice, and renting for longer. Demand is outstripping supply, with good quality properties of all types and sizes being snapped up by waiting tenants.”

Despite the favourable outlook for buy to let, Leaders advise all landlords – whether new to the market or experienced in letting property – to always seek advice from an independent letting specialist when looking to buy a property to rent out.

Paul adds:

“Market conditions vary from area to area and can change, so prospective landlords need to limit their risks by getting impartial, up-to-date advice from an expert. An independent specialist can help landlords make the best decision when choosing a property to let.” 

Leaders offer to accompany landlords when they view possible properties for purchase, to give their opinion on its potential as a buy to let investment. They also give objective advice on its rental value and what work might need doing to the property to attract the best possible rent.

As they are totally independent, the advice given - by experienced, ARLA qualified staff - is completely impartial. They stress that landlords should never rely on buy to let advice from the agent that is selling the property.

Landlord Expert
By Landlord Expert March 22, 2010 14:46

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