With the herald of 2010, it seems the green shoots of growth seem to be gathering pace in the housing market in Kettering. The number of properties that are coming on to the sales market has slowly reduced, and this combined with rents slowly creeping upwards, means the best buy-to-let properties are being snapped up quickly.
The reason for the better prospects seems to be that the worst of the recession seems to be over and banks are lending more money for mortgages. This, in turn, has led to many landlords taking the opportunity to extend their portfolios or simply get on the investment property ladder. Either way, yields have nearly doubled over the past 18 months, due to low interest rates and lowering of property prices.
As a specialist lettings agent in Kettering Belvoir is in a unique position to offer rental advice to prospective landlords and can arrange viewings and finance, if necessary. We were successful in December in placing a number of tenants in properties that had just been sold and we were able to commence viewings prior to the new landlord taking possession. Clearly, this is a win-win position for any landlord – a successful purchase together with a guaranteed tenant on the day of completion.
Going forward, some landlords are looking into ‘options’, which are financial instruments that can be used efficiently to purchase or lease properties in Kettering and reduce the exposure of any potential price falls. If you are interested in this or any other landlord services in Kettering, please email kettering@belvoirlettings.com .
