Demand for rented properties is continuing to grow, as more and more people struggle to get their foot on the property ladder and turn to renting as their only other option. But it could also be down to the surge of temporary and contracted jobs, as more members of the public do not wish to be tied down to one house in one area, for fear of changes in their work situation.
Jackie Bennett, the Council of Mortgage Lenders head of policy said:
“Growth is also being helped by improved conditions in funding markets and more widespread availability of mortgages. These conditions are creating more opportunities for landlords to re-mortgage, as well as helping to fund increased activity in the mortgage market more generally.”
If you’re looking for a buy to let mortgage scheme but aren’t sure where to start, we can help. We are an independent broker with access to a wide range of lenders, we can search the market for you and provide you with advice and support to help you make the right decision. Contact us today.
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Phil Scott
Director
About the author
Phil has worked in the financial services industry since 1992, having started with a large insurance company. He went self employed in 1996 as an Independent Financial Adviser before setting up his first company, Needham Market Home Financial in 1999.
After four years, he decided to concentrate solely on mortgages and related insurances, and The Mortgage Centres was born. Since then, Phil has been influential in the opening of several new offices as the business continues to grow.
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