Atkinson McLeod - May 2015 Newsletter
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Atkinson McLeod - May 2015 Newsletter


Private rental prices paid by tenants in Great Britain are on the rise as reported by thOffice for National Statistics with an increase of 2.1% in the 12 months to March 2015 and London rental prices increased the most up by 3.2%.  Rental demand continues to grow as high London property prices exclude many would-be buyers, forcing more people in to the rented sector”.

 

With more renters looking for a rental property in London many Landlords are looking to expand their property portfolio.  Moneyfacts reported there are some very good low rate mortgage deals available: rates have fallen dramatically with the average two-year fixed rate buy-to-let deal currently priced at 3.45% (down from 4.44% two years ago).  A finance expert at Moneyfacts.co.uk, said: "Buy-to-let mortgages are experiencing a renaissance, becoming not only more widely available but cheaper, too”.

 

It isn’t always good news for landlords though as our third news story reports when one tenant – found in possession of drugs – tried to pin the blame on his landlord.  It just shows the importance of reference checks so you know your tenants are who they say they are!

Best regards,

Giles Atkinson and Dan McLeod

Atkinson McLeod London Estate Agent



Rents up 2.1% in the past year

Cheap buy-to-let mortgage deals on the rise

Cannabis tenant blames landlord

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