Buy to Let on the rise?

According to a new survey carried out by Landbay and published in The Intermediary, more landlords are planning to buy property this year, even more so than last year with results up to 44% from a low of 32% last year. This is good news for the sector, more landlords in the market leads to ever more property available for rental, in fact 31% of those surveyed said it was precisely due to a rise in tenants that shaped their plans, a smaller proportion surveyed said their plans were shaped by a drop in house prices and they were ready to snap up a few bargains.

It's all good news for the Buy to Let sector in general, now all we need is for the lenders in this sector to start reducing their high arrangement fees to boost uptake of mortgages in the second half of the year.

As always we are here to assist these landlords and new entrants to the sector and can research the entire lending market to find the best deals available for your circumstances, reach out if you need to, we'd be glad to help you!