Renting market is buoyant

The UK buy-to-let market remains buoyant and the future looks good for the market too.

That is according to Blevins Franks Mortgage Services, which said that increased demand for rented accommodation is benefiting landlords.

The global credit crunch is said to be helping buy-to-let investors, as more potential first-time buyers turn to rented accommodation as they cannot secure a mortgage.

Christopher Tanner from Blevins Franks said that wise investors can still do very well in the buy-to-let market.

"It [the credit crunch] sounds very doom and gloom, but the buy-to-let market is actually very buoyant," he commented.

"Lenders are less worried about buy-to-let than anything else. There's never a wrong, or right, time [to invest].

"But by doing the wrong thing, you could put yourself at risk. So if you are a first-time investor, make sure you find a property that's suitable," added Mr Tanner.

Your Move recently revealed that the number of leases which started in January and February was up 21 per cent on last year's figure.

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