Buy To Let Landlords Look To Expand Portfolios

Leaders are reporting a resurgence of interest in buy to let in the South, with an increase in enquiries from landlords considering buying a property to let for the first time and those wanting to extend their portfolios.

Leaders' managing director, Paul Weller, says:

“Buy to let finance is still not easy to come by, but the situation has improved slightly in recent months, with more mortgage products and better deals coming onto the market. This, coupled with the extremely high demand we are experiencing for rental accommodation, has prompted many investors to take a fresh look at buy to let.”

Leaders are confident that, done with the right advice and guidance, buying to let is an excellent long-term investment. Recent Government figures from the Communities and Local Government's English Housing Report, published last month, confirm the increasing importance of the private rented sector (PRS) in the UK's housing needs, with a growing proportion of households living in privately rented accommodation.

The figures show that the number of households renting privately has risen by one million since 2001, from 2.1 million to 3.1 million in 2008-09. The PRS now accounts for 14.2% of all households in England, up from 12.7% in 2007 and 10.1% in 2001.

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