Landlords Look to Buy Locally

The majority of landlords who are interested in expanding their property portfolio would plan to buy in their local area, according to new research by the National Landlords Association (NLA).

Their survey found that three-quarters (75 per cent) of landlords said their next purchase would be close to their current home, or at least the area that they live in.

The distance away from this initial base correlated with a declining proportion of property owners willing to invest. For example, just ten per cent revealed they would consider spending within a 100-mile radius, while nine per cent expressed an interest in buying somewhere even further afield.

Buying locally is a great way for experienced landlords to increase their portfolio, and for prospective landlords to get a foot in the door.

Landlords are able to keep more control of their investment, and can also benefit from massive savings by using Online Letting Agents, who enable landlords to accompany their own viewings.

Here are The Online Letting Agents, over 90% of our landlords live within the locality of their rental properties.  With tenant find services starting from just £39+vat, our increasing number of landlord clients are really capitalising on their investment.

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