As new figures indicate that nearly a third of all property purchases are falling through, Belvoir Sheffield, the leading letting agents in Sheffield is offering those affected, with an opportunity to increase their cash flow.
The new statistics unveiled by 1st Property Lawyers, the largest conveyancing firm in the UK, show that 29 per-cent of property transactions fell through in the first half of the year – up from just 21 per-cent just three years ago.
Rick Flay from Belvoir Sheffield, which specialises in providing flats to rent in Sheffield said: “This latest report states that the most common reason for a sale falling through is the seller changing their mind, while the prospective buyer pulling out comes close second. Many homeowners are being left out of pocket but we are offering them a solution- become a landlord!
“One in three home owners are now considering becoming a landlord for the very first time for a variety of different reasons. Some do not want to sell their property until the market recovers, others need to keep a house occupied and maintained because it is lying empty, or because their property purchase has collapsed. Others may need to move to start a new job and need the cash flow to either rent or buy in a new location. If you are in this predicament do not despair because the rentals market is extremely buoyant at present and we can find a solution to your problem.
“Two weeks ago we advertised a property and 28 prospective tenants turned up for viewings! There is a lot of demand for good properties. If you have an empty property, we have the tenants ready and waiting.”
The first step anyone considering letting out their own home, or that of a relative, for the very first time is to Belvoir Sheffield for an initial, no obligation meeting at which all of the options open to them can be discussed.
Rick, whose lettings agency helps those wanting to rent property in Sheffield, continued: “We predict that property rents will increase by around five per-cent throughout 2011-2012 and the number of private landlords in the UK will increase by a further 50 per-cent in the next few years. This means that is your property purchase collapses, it could be a blessing in disguise.”
Belvoir Lettings Agency Sheffield is the One Stop Specialists for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs, Investment Property Insurances and Mortgages
