Landlords hungry for properties
The average landlord property portfolio has increased from 12.9 in Q1 2012 to 14.1 in Q2 2012, a trend which appears set to continue further into the year.
According to the quarterly Private Rented Sector Trends survey, over a fifth of landlords have confirmed their plans to extend their current portfolio in the next three months, an increase of 18 per cent year-on-year.
Unsurprisingly terraced houses remain the primary target for the majority of prospective landlords with 49 per cent who have plans to expand investigating these options. However 26 per cent of landlords are also looking to purchase flats or maisonettes and 23 per cent are wanting to invest in semi-detached properties.
These figures, whilst failing to provide the solution to all the property industry problems, do demonstrate the viability of the UK’s Private Rental Sector and are, in turn, offer some solace in an otherwise bleak market.
Unlike other solicitors Goldsmith Williams do not charge extra for buy-to-let conveyancing or remortgaging and, as a firm accredited the Law Society’s Conveyancing Quality Scheme (CQS), provides the highest calibre of service to introducers and clients alike.
Content correct at time of publication