We have been asked by Mortgage Solutions.co.uk for our opinion on the latest property news, with Kristjan giving his views on the rapid growth of lending in the buy-to-let sector over the last year. Most recent figures show that around 13% of mortgage lending is represented by buy to let.
The rise of the long-term tenant in the buy-to-let sector is making the market much more stable for landlords. Tenants no longer look at a property as a place to let for six to twelve months but are looking for places where they can live for a few years or more. Because of this they are a lot pickier and so landlords need to stand out. Some landlords continue to try their luck on rents but most are aware that while demand is strong, the lack of wage growth means they need to be realistic about what they can charge tenant
Read the full report at www.mortgagesolutions.co.uk.