Blog
The forecast is bright for landlords
Tuesday, April 21, 2015
What is clear, however, is that current economic factors indicate that property will remain a good medium to long-term investment. Demand for rental property is still strong - the number of people living in private rented accommodation in the UK has almost doubled in the last 10 years - and interest rate increases are forecast to be gradual. Whilst these two factors remain, buy-to-let investments represent an attractive long-term prospect.
Changes in pension legislation now enable the over 55s to access their pensions and take their “pot” as a lump sum to spend as they wish. In addition, stamp duty changes have lowered the cost of property for most buyers. For some that provides an option to secure their future with a buy to let property offering the potential for capital appreciation as well as a steady rental income.
Chris Cotton, Lettings Manager for Middlesex at The Frost Partnership says, “Increasingly tenants are seeking better value for money, moving out of central London to areas within easy commuting distance. We have a waiting list of quality tenants looking for suitable property to rent. The rental market is still very strong and the election should not be a major concern for landlords deciding whether to let their property, especially if they choose a lettings agent who can take much of the uncertainty out of the mix.
At The Frost Partnership we can help with all the stressful aspects of letting a property from finding suitable tenants, to complying with legislation. What’s more our FREE 12 month cover will guarantee your rental income whoever wins at the ballot box.”
For a free market appraisal and details of how our lettings service is designed to make property letting a straightforward and stress free experience, please call your local Frost Partnership branch. You can be sure that your property and investment will be in safe hands.
