Turning to renting for affordibility
Edinburgh has seen an increase in the need for flats as young people and young professional have lost the trust with mortgage lending, choosing instead to rent properties.
In response to this need a lot of property owners that are having trouble selling their properties are becoming reluctant landlords and renting to earn some necessary funds.
City agents have seen a 47 increase in the number of 2 bedroom flats required compared to the last quarter.
The collapse in confidence of the buying market has forced many people who have difficulties securing a mortgage to choose renting as the affordable option.
If you choose to let your property make sure you have the correct let property insurance to protect you from any unforeseen circumstances that may occur. Go to www.insuremyletproperty.co.uk to get a quote today.
October 17th 2008
- Rental market more accessible to landlords
- Countdown 4 days to go to get an EPC
- Landlords receives large fines
- UK rental market to thrive during the economic downturn
- Landlords warned of new law to speed up repossessions
- National Landlord Association passes 35 year milestone
- Agents open lettings offices to stay afloat
- Mortgage brokers look to professional investors to keep the mood upbeat
- Booming Rental Market
- Student lets head the buy to let market
- Bradford and Bingley collect rent direct
- Bradford