A report from the Association of Residential Letting Agents (ARLA) suggests that the current upturn in the property market has resulted in fewer home owners being forced to rent out their properties instead of selling.
Buy to Let Mortgage Deals The credit crunch has had a significant effect on buy-to-let landlords over the past 12 months: the number of landlords accruing more than 3 months of arrears doubled in the second half of 2008, hitting an incredible 27000 – this figure was almost 4 times higher than the 7,500 landlords [...]
RICS Residential Survey – New management instructions out pace the demand from tenants. – Rents decrease for the first time since April 2003. – Rental level expectations drop to the lowest level on record. – Gross yields rise as house price falls outpace rental decreases. Simply put, people can not get finance, a decent mortgage [...]
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