The continuing pensions crisis is bolstering the UK buy-to-let market as investors choose to hold on to properties for the long term.
Tenant demand for rental property is at its strongest since January 2004. 23 per cent of surveyors have reported a rise in demand over a fall, compared to a 20 per cent rise in the previous quarter.
Rent levels have increased for the tenth consecutive quarter. Current landlord instructions picked up in October, but are rising at an unspectacular pace compared to the boom years of the early noughties. The cost of borrowing and prospects of capital growth remain by far the most decisive factors.
For the time being at least this looks set to continue. With the growth of expert finance companies who specialise in property development, the lending process has become far easier and faster for property developers of all sizes in Surrey, Kent and parts of Sussex.
the top ten best Buy-To-Let hotspots in the South East
With the rental market on the increase year on year, London and the South East is the perfect place for you to invest in a buy-to-let property development. A high rental yield means maximum return on your investment and a secure financial future.
Here are our top ten locations in London and the South East:
- West Ham
- Upton Park
Property developers are snapping up locations, have a look here for some investment opportunities in and around London. It might also be worth talking to a building consultant to get as much expert advice as possible regarding your development – CJ Building Consultants.
Buy-To-Let Mortgages are the future for UK house builders
The amount you can borrow on a buy to let mortgage is calculated based on the monthly rental you are likely to get. All major banks offer specialist buy-to-let mortgages, use one of the online calculators to see what you could borrow. All standard mortgage terms and conditions apply, make an appointment with a financial advisor for more information.
Write to us with your Buy-To-Let success stories! Get in touch with us at UKPB.