I’m sure everyone has enjoyed the good weather last week which I’m hoping will continue as this really makes everyone feel more positive about the future.
The news about Home Information Packs (HIPS) being ditched should be a welcome relief to the housing market as this barrier to the sales process should help bring more properties to the market. I hope that this news, coupled with the recent announcement that a buy to let lender will now provide 80% lending to this sector, will help investors back into this market.
Locally we are continuing to see a huge increase in tenant registrations looking for property in all shapes and sizes. This demand is just not being met by the number of rental properties coming on the market. Compared with low interest rates on cash investments and taking the simple facts of pure supply and demand for rental property, investment in property continues to provide a strong option for the long term.
A reputable letting agent will be happy to provide you with buy to let investment advice.
Suki Gill, Norgans Lettings and Property Management