| Zest Lets predict a sharp increase in the number of people renting out property in United Kingdom A leading Liverpool lettings agent has predicted a sharp increase in the number of people renting out a home in the United Kingdom. In fact, mortgages for landlords made up over a fifth (21 per cent) of brokers' total business between January and March of this year, according to national property company Paragon. She predicts that the buy-to-let market is set to enjoy a further six months of high activity, as first-time buyers who are struggling to purchase a home, turn to the rental market. Julie, who manages over 150 properties all over Merseyside, said: "This recent report has revealed that 79 per cent of brokers expect this current buy-to-let boom to continue throughout the market and for the next few months. "This is totally understandable and I still think that more could be done to try and help people get on to the market in the first place. Julie added: "The basic truth is that people are unable to afford the deposit on a home - that's if they want to buy it to live in. ". Despite an owner-occupier freeze in the general market and demand for buy-to-let continuing to strengthen, the Council of Mortgage Lenders said that homebuyers in the United Kingdom actually hit the lowest level for 27 years during the later part of last year. Julie said:"I totally agree with this statement and there are some great properties in and around the city at present to choose from. Zest Lets are a professional estate and letting agents that are based in Bootle in Liverpool, covering Merseyside, Wirral and Manchester. Zest Lets predict a sharp increase in the number of people renting out property in United Kingdom |
Thursday 3 May 2012
Zest Lets predict a sharp increase in the number of people renting out property in United Kingdom
