73% of aspiring investors consider property to be the best and least volatile long-term investment!
With the recent changes in the Buy-To-let market, 73% of aspiring investors consider property to be the best and least volatile long-term investment, according to a recent study by Benham and Reeves.
Benham and Reeves also found that 83% of 5,000 property investors were unlikely to sell their property in the next year.
The property investment market is remaining strong and resilient, which is being further represented by the number of first-time Buy-To-Let mortgage deals available on the market. The latest findings from Moneyfacts.co.uk show that the number of deals available for first-time landlords has risen over the last few years from 656 to over 1,405, with an increase of 137 deals in the previous year alone!
Rachel Springall, a finance expert at Moneyfacts.co.uk said… “Entering the buy-to-let market hasn’t been without its hurdles, and almost two years since the PRA introduced rules expected to tighten lending, the move doesn’t seem to have shaken up lenders attitudes to attract first-time landlords. In fact, the number of deals available to these individuals has now boomed to a record high,”
Fixed rates for first-time landlords start below 1.50% on a two-year fixed deal, but the associated upfront product fees must be considered carefully, Springall explained.
“First-time landlords concerned about potential rate rises may consider a five-year fixed deal, and thankfully rates have fallen in this sector since 2014. In fact, the average five-year fixed rate for first-time landlords has fallen by 1.6% since July 2014, down from 4.68% to 3.52% today.”
This is excellent news for potential first-time landlords. At Seths we work with many Landlords who have one property to Landlords who have multiple properties!
We have a wealth of experience, which allows us to understand the property market in Leicester, guide our Landlords and help them grow their property portfolio.
If you are thinking of becoming a Landlord and want to know more, call me on 0116 266 9977
or email me at firstname.lastname@example.org
for an informal chat and impartial property advice.
Thanks for reading!