The UK Buy to Let boom looks set to continue according to top economists as they predict that tenant demand will increase by 1 Million more tenants who will be looking for homes in the UK’s private rental sector over the next 5 years.
At the same time data published by the Lloyds Banking Group highlighted that recent increased employment is a strong driving factor behind increasing property prices. This is good news for landlords who want to take advantage of loan to value gains which opens the doors to more competitive mortgage rates.
Landlords still need to be cautious as evictions for non payment of rent are still high, with an estimate 4,000 homes per week at risk. Rent protection guarantees like the one we offer which includes legal protection as by far the best precaution for landlords and letting agents to safeguard their rental income.