Booming Buy To Let

Letting Agent, Your Move, stated that leases, which started in January and February were up by 21% over the last twelve months.

They stated that the buy to let sector has seen a large amount of growth of late. Credit criteria and changing mortgage rates have increased rental accommodation demands.

First time buyers are finding it difficult to obtain mortgages especially if they have little or no deposit. These people still need homes so are having to rent property.

There has also been an increase in buy to let landlords and from those wishing to expand their portfolios.