Welcome to this weeks edition of the Thistleblower, with the clocks going back this weekend (don't forget) we have included a useful article on energy saving ideas. The lettings market has continued to feature in the press as demand stays strong in this sector as well as in residential sales of new and existing homes.
The number of people who are becoming landlords that previously would not have considered this option in the past is also on the increase. For example young couples setting up home together for the first time who each own a property, are being tempted into keeping both properties and letting one of them out to keep as an investment. Another recent trend is for the families of elderly relatives who have gone into residential care to let out the vacant property creating an income that can be used to part fund the cost of the residential care.
Owning an investment property appeals to a broad band of people as it gives them control over their investment. They can see what is happening to property prices and if required they can sell to release the equity should it be required.
For advice on all aspects of letting a property, including Buy to Let mortgages, please do not hesitate to contact us and we will be happy to go through all the options with you.
Michael Clarke
Lettings Director