Good news for landlords

Recent lending data and an increase in tenant demand, point to a positive future for residential property investment. The latest Council of Mortgage Lenders (CML) data on the buy-to-let market shows a 40 per cent increase in the number of advances made in the second half of 2005, compared to the first half of that year,

In real terms, advances in the second half of 2005 were around £14.6bn, the highest figure ever reported by the CML for buy-to-let advances.

Data from RICS confirms that tenant demand continued to rise firmly in the three months to January 2006, representing the largest increase in demand in four and a half years.

This can be attributed to rising property prices squeezing potential buyers into renting. This increased tenant demand currently being reported by RICS can only be expected to continue given the latest predictions of household growth from the Office of the Deputy Prime Minister (ODPM).

"Much of the growth is expected to come from single person households, together with lone parent households and other multi-person households, most of whom have a higher than average propensity to rent.”

For buy to let information enquire at www.you-can-mortgage.co.uk

Author: John Wilkinson

Buy to let mortgages on the increase as more and more high quality tennants come onto the market than ever before, driving up requests for investment mortgages by Landlords.

Published on 4/4/2006.

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