Fancy becoming a landlord or extending your rental portfolio?

I can almost hear your laughter but it’s a serious question, despite these worrying times.

Demand for rental property is at record levels, with at least 20 would-be tenants often competing for homes as soon as they hit the market. This causes stress and worry, even for those with stable incomes and realistic budgets.

Brighton and Hove’s share of the market remains particularly buoyant, partly due to high demand from people moving to the coast, plus the large university student population.

As a result, properties never lie empty for long. This is largely due to efficient marketing by landlords and agents, alongside robust ongoing maintenance checks to ensure that homes can quickly be re-let, with no unnecessary “voids”.

With rising mortgage rates and financial uncertainty, I am anticipating that rental demand is likely to remain high – and may well increase. So, a steady stock of good-quality rental property is essential, for landlords and tenants alike.

It’s important to stress that I am not qualified to give financial advice and nor would I wish to. There are very good financial advisors available locally, who can assist with tax and buy-to-let mortgage enquiries.

At Town and Country Property Services we do everything in our power to ensure that our landlords – and tenants – are given the best possible customer service.

We also encourage landlords to take reasonable precautions to protect themselves, financially. Please check out my recent blog, setting out the pros and cons of Rent Guarantee Insurance:
Rent Guarantee Insurance – “dead money” or invaluable peace of mind?

Tempted to come on board? That leads us on the next question of how do we categorise a typical landlord?

The good news is that many of the stereotypes are disappearing and buy-to-let applicants are becoming increasingly younger, with backgrounds that are increasingly more diverse.

Explore the latest trends in this interesting blog from the Mortgage Finance Gazette.

Blog: Young landlords are good for the future of buy-to-let (mortgagefinancegazette.com)

As always, please drop me a line at steve@brightonlettings.co.uk or give me a call on 01273 771977 to discuss things further. In particular, we offer up-to-date market intelligence and realistic projections for rental income.

Photo by Evgeny Klimenchenko on Unsplash