Landlords Look For Help As Property Portfolios Continue to Grow

30 June 2012 Categories: News

Landlords Look For Help As Property Portfolios Continue to Grow

According to Hertfordshire-based property management firm, Rushbrook & Rathbone, an ever-increasing number of landlords and buy to let investors are enquiring about property management services as property portfolios continue to grow. The first six months of 2012 has seen a 20% increase in the number of landlords using the services of the management firm, and the number of new enquiries is yet to tail off.

This news has been taken by many to be further evidence of the strength of the buy to let market, with landlords continuing to buy additional properties to satisfy tenant demand. Managing director of the firm, Sarah Rushbrook said, “With so much economic unrest, landlords are taking the opportunity to capitalise on the one growing market, buy to let. Demand for rental properties from those who cannot afford to enter into home ownership has increased tenfold.”

Many mortgage lenders have also noticed the growth of the buy to let market and have understandably started to add more attractive options to their current ranges. London-based estate agent, haart, recently reported that nearly 20% of the mortgage application made during May were for buy to let purposes – a sure sign that the private rental sector is continuing to buck the negative trends seen elsewhere in theUKproperty market at present.