BTL Boomed!

[DimPrawn]

http://www.dailymail.co.uk/pages/liv...n_page_id=1770

Strong demand has pushed the cost of renting a home through the £1,000-a-month barrier for the first time, figures showed yesterday.

The average cost of renting a property in England and Wales reached £1,003 a month in March, a rise of 4 per cent during the past quarter and 12 per cent during the past six months, according to specialist lender Paragon.


The group said rents were rising because of extra demand from those who were renting because they were unable to get a mortgage or did not want to buy because of the state of the property market. The trend was likely to continue.


A third of landlords said tenant demand was "expanding rapidly" during March, with a further 58 per cent saying demand was "strong and stable".

[scooterscot]

It's all true... After seeing the feedback I was getting from my advert I increased the rent a few days later.

I've actually got quite a bit of choice when it comes to selecting a tenant now...



The funny side of all this.... after realising the value of the place now and what little mortgage is left, is that I'm getting more than enough rent to pay the mortgage twice over.

As you say.. Boomed

[rootsnall]

It depends on where the property is, rents soared in London during the last housing slump once the economy was picking up but people were still too scared to buy. In northern newbuild city centre apartment land I expect rents will fall quite sharply.

[Diver]

Like I said all through the BTL Doomed threads.

Every cloud has a silver lining

[oracleslave]

In northern newbuild city centre apartment land I expect rents will fall quite sharply.

Breaking news indeed

[rootsnall]

Breaking news indeed

Had you not heard !? Bloke down the pub told me.

[oracleslave]

Had you not heard !? Bloke down the pub told me.

Must have been me. I was 2 sheets to the wind so don't believe a word