Blog
The forecast is bright for landlords
Monday, February 15, 2016
It may be wet and windy outside and there are changes ahead in the rental market but the forecast is still bright for landlords in the South East. Investors looking to profit from buy-to-let can take heart from signs that the boom is far from over. House prices are still on the up and demand for rental properties is still outstripping supply. Whilst these two factors remain, buy-to-let represents an attractive long-term prospect, offering potential for capital appreciation as well as a steady rental income.
Indications from the Bank of England are that interest rates will remain low which is good news for buy-to-let investors. With record low mortgage rates on the market, investors can take advantage of a range of great deals available and increased competition between lenders may mean that there are more mortgage deals at lower rates.
So now’s a good time for investors to buy. But what about the lettings market?
Chris Cotton, Lettings Manager for Middlesex at The Frost Partnership is bullish, “2016 will see a very strong lettings market in Middlesex. There are many people who just can’t afford to get on the property ladder so demand from tenants is strong. We have a number of large corporate businesses located nearby driving employment and with it the need for accommodation. Being located near the M25 and with exceptional rail links, Staines is an attractive option for commuters. Good schools and a riverside lifestyle also make Staines appealing to families.
We have a waiting list of quality tenants looking for suitable property to rent so landlords can be confident about letting their property, especially if they choose a local ARLA lettings agent, like The Frost Partnership, to make the process stress free.”
Responsibilities as a landlord can seem daunting, particularly with the health and safety regulations that were brought in last year, and the new Right to Rent legislation, but if you appoint a local licensed ARLA letting agent, you have trained agents on hand to give you professional advice. What sets ARLA agents apart is their high standards of service and integrity. In line with ARLA’s Code of Practice they offer you the very best service levels throughout the letting and management of your property.
If you are looking to let your property, The Frost Partnership offers a free market appraisal and advice on preparing it for the rental market. Our FREE 12 month rent guarantee and legal protection are also good reasons to choose Frost lettings first.
For more information and a FREE valuation, please call your local Frost office or see our Lettings Guide at frostweb.co.uk
