Landlords still appear to be experiencing high levels of demand for rental properties according to a survey by the specialist lender Paragon Mortgages. A trend that we here at Belvoir! Sheffield are continuing to see as demand remains high across Sheffield for rental property of all types and landlords continue to invest in property in Sheffield.
The Paragon Mortgages report found that nationally during Q3 2014 41% of landlords said tenant demand was growing or booming, 51% said in their view demand was stable with just 3% of landlords describing tenant demand as declining.
Looking ahead, 61% of landlords felt that the level of tenant arrears would remain stable over the next 12 months, compared to 12% of landlords stating that in their view tenant arrears would increase and whilst 8% expect a decrease.
The survey also asked landlords what the most important factor is when they are looking for new buy-to-let mortgage finance. Interest rates remained the most important, having been top of the list for the past 12 months, followed by average loan-to-value and product fees.
Whether you are an experienced landlord looking to invest in Sheffield, or thinking of property investment in Sheffield for the first time, speak to a property investment advisor here at Bevloir! Sheffield before you buy. We will be able to help and advise you on the Sheffield BTL market and the best property to buy for your circumstances and investment objectives.
Belvoir! Sheffield is the one stop specialist for Sales and Residential Lettings and Property Management, Investment and Wealth Management Advice, Fit-outs and Renovations, Property Insurances and Mortgages. Belvoir! Sheffield was the winner of the Belvoir Franchise of the Year Award for 2013 and is a multi award winning agency.
For more information, please visit Belvoir! Sheffield or call 0114 331 0033. Alternatively, please email rick@belvoirsheffield.co.uk
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