PRLog - Nov. 13, 2012 - The Council of Mortgage Lenders reveals that in the first nine months of 2012, £11.8bn worth of buy-to-let mortgages were agreed, a 19% rise on the £9.9bn in the same period of 2011.
Image, Hemel Hempstead
The surge in interest in buy-to-let comes as average rents in the private sector in England and Wales hit a high of £741 per month, according to LSL Property Services, which owns lettings and estate agency chains including Reeds Rains and Your Move.
This is confirmed by UK Property Investments (UKPI) who specialize in assisting clients, particularly those based overseas, to source and invest in high quality UK property.
Richard Gordon founder of UKPI said: “We have seen a sharp increase in both enquiries and sales over the second half of the year. Many of those enquiries are coming from people who see the UK as a safe haven, amid all the international financial uncertainty. We have made sales to clients mainly in the UAE and the Far East including Singapore and Malaysia.
“The perception is that the UK property market has probably turned the corner and, with the current level of demand from tenants, is a safer place to invest than most other countries. Expats and foreign nationals see the UK as a safe and reliable place to put their money.”
UKPI specialize in sourcing high quality investments for clients, making investing in UK property easy. For example, they are currently marketing a couple of schemes which are ’ready-made’
‘Image’ in Hemel Hempstead and ‘Spectrum’
Richard Gordon said: “These apartments are ideal investments and with the tenants in situ and a guaranteed rent, make it particularly safe and secure.”
Full details can be found on the UKPI website:
Image, Hemel Hempstead: http://ukproperty-
Spectrum, Manchester: http://ukproperty-
Or email: rgordon@ukproperty-