First Quarter trends – short review.

One thing is certain , and that is the significant reduction in borrowing for buy to let as compared to the same period last year. It should be noted however that in this same period in 2016 there was a big surge in borrowing to complete any buy to let purchases before the introduction of the surcharge. The actual figures are a 39% drop in loans and a 40% drop in the amount borrowed Jan – March 2017.  On the face of it that does not look encouraging however …

For those new investors entering the sector they do so at a time when the demand from tenants has never been so acute which is going to be reflected in higher rents and much keener demand for available property.  If your thinking about buying to let but would like an idea of the likely yields on your investment please ask Rentlocally for advice. We have a number of tools at our disposal that should assist with choosing the best locations and property types and we can now also offer a full purchase service via our Sales division which reflects the high standards of professionalism and care that we have become associated with.