Buy-To-Let Borrowers take advantage of rental market

With monthly rental payments across the UK having jumped by almost 11% in the most competitive rental market ever known, Skipton International is assisting those Buy-To-Let property investors in purchasing while the market is so buoyant.

With monthly rental payments across the UK having jumped by almost 11% in the most competitive rental market ever known, Skipton International is assisting those Buy-To-Let property investors in purchasing while the market is so buoyant.

The Office for National Statistics (ONS) reported that the East Midlands region grew the most, with London the lowest.

According to Rightmove’s Quarterly Rental Trends Tracker, the national average monthly rental has increased from £982 per calendar month last year to a new record of £1,088 in 2022. It further states that available rental properties are down 50% on last year.

“Since the pandemic and the shift to remote working, the trend for rentals has changed,” explains Lorraine McLean, Mortgage Sales Manager at Skipton International. “The need for longer term security has led to a sharp decline in short-term rentals, with long-term tenancies now the preference. In turn, this has led to a shortage of available rental properties on the market, thus increasing demand and potential rental income for landlords.

“Now is the perfect time for those considering the purchase of a UK Buy-To-Let property. There is more information on how to do this at: https://www.skiptoninternational.com/uk-mortgages”