As mortgage lending to buy-to-let landlords reached £4.2 billion across 33,500 loans in the first quarter of 2013 alone, Belvoir Northwich is advising first time landlords and seasoned landlords that now is the time to invest in property throughout Mid Cheshire.
in recent months landlords have been tempted by improved mortgage deals, lower house prices and rising rents due to a high tenant demand and low supply.
James Whalley, Director at Belvoir Northwich, who offer a wide range of property to rent in Northwich, said: “Many lenders are now reducing rates on their buy-to-let ranges, making the prospect of buy-to-let even more attractive to landlords.”
A spokesperson for TotallyMoney.com earlier this week said: “It’s no surprise that buy-to-let is booming. Low interest rates are here to stay for at least a couple more years, meaning mortgage payments will stay low whilst savers suffer. The average savings yield is an abysmal 1.09 per cent.”
James, whose letting agency on Castle Street in Northwich, specialises in providing flats to let Northwich, added: ” it is vital that every landlord, whether experienced or not, seeks expert advice. Landlords who lack experience and knowledge can find themselves on the wrong end of a dispute or even worse- being prosecuted.
“At Belvoir we offer a full end-to-end managed lettings service for both landlords and tenants for any type of property, furnished or unfurnished. The first step for anyone considering letting out their own home, or that of a relative, for the first time, is to contact us for an initial, no obligation meeting at which we can go through all of the options open to them. We also offer a mortgage service for those seeking to secure buy to let finance.”
