It seems the Buy To Let market is on the rise, as the Council of Mortgage Lenders recently reported a huge 18% rise in the number of Buy To Let mortgages in December 2014, compared with December of the previous year. The total value of these loans has also risen considerably, up 32% from December 2013 to £2.5 billion. Overall in 2014, the total value for all Buy To Let loans was £27.4 billion, which is roughly a third larger than the total for 2013.
Nottingham has a reputation for being a Buy To Let ‘hot-spot’ offering excellent potential rental income thanks to lower house prices in comparison with some other cities, coupled with the high demand for rental properties due to large student and young professional populations. According to recent research, Nottingham is in third place for the highest rents for Buy To Let investors, with around a 7.5% annual yield.
As mentioned in our last post, the predicted rise in property prices in 2015 will mean less people buying, and a likely increase in the demand for rental properties. So if you have been considering buying a property to let in Nottingham, it appears that 2015 could be a good year to do just that and here at Fairview Estates we can help to make your investment work for you.
Full Property Management From Fairview Estates – Because Being a Landlord Shouldn’t Be Hard Work!
Whatever happens in 2015, we at Fairview Estates will go out of our way to make life for landlords as easy as possible.
Costing just 10% of the total rent over the course of the tenancy, our Managed Plan is designed to help you to make the most out of your property investment. It’s thanks to our Managed Plan that we regularly receive five star reviews from our customers.
As part of our Managed Plan, we will conduct periodic property inspections and issue safety inspection reminders to help you fulfil your legal obligations. In addition, we will manage utility transfers, before undertaking the many complex tasks that arise at the end of the tenancy. We also offer a keyholding service, and 24 hour maintenance call outs.
For more information on our letting fees, or to discuss which plan is right for you, feel free to get in touch. Call us on 0115 958 7791, or email firstname.lastname@example.org.