Wednesday, July 13, 2011

Services impressed the rental market

Undersupply blighting the rental market

Category: Mortgages
Date: 13/07/2011

The explosion of the number of people looking to rent left landlord with a lack of good qualities.

In the three quarters of letting last reported three months, agents that they have more potential tenants as properties, the figures from the merger of letting agents (ARLA) show.

The problem is even worse, in the Centre of London, where more than eight out of ten (82%) Agents say they have more would-be tenants in their books as rental properties to let.

ARLA said that its members across the United Kingdom, faced bottlenecks, how many people choose in the car rental sector turn to its flexibility to the mortgage market.

Ian Potter, Operations Director at ARLA, said that the research highlights the lack of properties in the private rented sector and there are no signs of improvement.

It is a problem that has mushroomed in recent times; two years ago, the number of agents was a deprivation of the rental houses in the United Kingdom report reimburse leave 10%, falling to 8% in the Centre of London.

"A solution to work, Government must seriously consider have incentives private rental investment in the sector, increase the number of properties on loan," commented Mr Potter.

"At the same time, it must look at ways of regulating what are, more and more popular housing optional, so that consumers and property owners with problems such as loss of rent funds are protected and deposits as well as defaults on mortgages and rental payments."

Figures revealed also a slight increase of the buying and selling activity under the landlord - 16% of the agents believe that landlords are properties, only 9.3% before one year of purchase.

14% Believe that landlord sell properties, compared to 25% a year ago.

The explosion of the number of people looking to rent left landlord with a lack of good qualities.

In the three quarters of letting last reported three months, agents that they have more potential tenants as properties, the figures from the merger of letting agents (ARLA) show.

The problem is even worse, in the Centre of London, where more than eight out of ten (82%) Agents say they have more would-be tenants in their books as rental properties to let.

ARLA said that its members across the United Kingdom, faced bottlenecks, how many people choose in the car rental sector turn to its flexibility to the mortgage market.

Ian Potter, Operations Director at ARLA, said that the research highlights the lack of properties in the private rented sector and there are no signs of improvement.

It is a problem that has mushroomed in recent times; two years ago, the number of agents was a deprivation of the rental houses in the United Kingdom report reimburse leave 10%, falling to 8% in the Centre of London.

"A solution to work, Government must seriously consider have incentives private rental investment in the sector, increase the number of properties on loan," commented Mr Potter.

"At the same time, it must look at ways of regulating what are, more and more popular housing optional, so that consumers and property owners with problems such as loss of rent funds are protected and deposits as well as defaults on mortgages and rental payments."

Figures revealed also a slight increase of the buying and selling activity under the landlord - 16% of the agents believe that landlords are properties, only 9.3% before one year of purchase.

14% Believe that landlord sell properties, compared to 25% a year ago.

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Source: moneyfacts.co.uk

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