As mortgage lending to buy-to-let landlords reached £4.2 billion across 33,500 loans in the first quarter of 2013 alone, Belvoir Sheffield is advising first time landlords and seasoned landlords that now is the time to invest in property throughout South Yorkshire.
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.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of property to rent in Sheffield, 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.”
Rick, whose letting agency on Campo Lane in Sheffield, specialises in providing flats to let Sheffield, 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.”
Belvoir Lettings Sheffield is the One Stop Specialists for Lettings including Property Management and Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Mortgages.
Belvoir Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013
For more information, please call 01142 52 52 15. Alternatively, please email us at sheffield@belvoirlettings.com
