Buy to Let - Its Back!

Sept. 2, 2011 - PRLog -- Indeed, they sent press releases back in May to endorse their predictions which were confirmed by the release of industry data last week.  It substantiates that demand for Buy-to-Let (BTL) mortgages is up to 16.8% which is the highest it’s been this year – so far – which is a sharp increase on the 10.9% of all BTL mortgages at the start of the year – up by a further 6%.

Additionally, two thirds of buyers are now opting for fixed-rate mortgages as opposed to the discounted or tracker mortgages.

Simon Tebbutt, Business Development Manager for Bournecoast said: "Before Christmas last year we predicted there would be a sharp rise in investment acquisitions with an increase in BTL mortgage applications, but until now there have been very limited products available on the market for investors.

“This documented increase in demand is the most evident sign yet that the hunger for Buy to Let amongst house buyers is back, after a couple of years of fairly stagnant growth.” he said.

"The market is now where we predicted it to be ten months ago.  It’s not a case of having a crystal ball but we fundamentally understand the property investment market. The obvious levels of expertise allow us to fairly accurately forecast what might happen. We really do know what we’re talking about and as a consequence we’ve adapted our business to be in the position where Bournecoast are the area’s property investment solutions provider of choice. We offer an unrivalled service which is reflected in the increasing demand from our customers for lettings, which continues to grow."

He added, “We have many waiting tenants and several new properties ripe for investment, coming onto the market, which would be ideal for student lets and are capable of netting approx £4,000 per month in rent.”

With the clear understanding in the local market possessed by Bournecoast, and with the unequalled experience of being established and still family run for over 50 years, it prides itself in providing quality properties and recognising a good investment potential by being able to offer holiday lets on suitable properties to generate even more income.  

For information on currently available investment opportunities and to find out more about what makes a good investment, contact the friendly team at Bournecoast on 01202 437888 or visit http://www.bournecoast.co.uk.

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Freelance marketer, working for various different companies in the property sector; surveyor, developer, agent. Pay as you go or ad hoc, to suit your needs. Based on South Coast of England, but happy to provide PR services UK wide.