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High Demand To Become Landlords – We Can Help

 
 
 
 
  28 Sep 2018

It is easy to see why there will be people across the country who think that being a landlord is a lucrative role. There is an extremely high demand for rental property and with rental prices increasing all the time, the platform is there to make a successful business. Existing landlords will tell people that the market is challenging and that there are many pitfalls to consider but if you are keen to add to the high demand to become landlords, we can help.

In a recent study undertaken by Sainsbury’s Bank, it was found that 9% of adults in the United Kingdom have expressed an interest in obtaining a buy to let mortgage this year. If this intent was met, there would be an additional 4.8 million landlords in the country. It is extremely unlikely that this amount of people will join the market, but even if a limited number of new landlords enter the market, it could have a positive impact on the rental market.

Personal circumstances can drive demand to become landlords

The research also studied why people are looking to arrange a buy to let market and 35% of the people who said they are looking to obtain a mortgage cited a change in their own income levels. There is no denying that many people have struggled financially of late, which leads to people looking for additional ways to generate income or deliver extra funds to their account each month.

There was also a response of 29% of respondents saying that the opportunities afforded by the market were too good to know. This is an important aspect to remember because for many people, investing in property and generating rental income each month is a sensible and suitable strategy.

Accidental landlords are on the rise

It was also found that 25% of the respondents who intended to obtain a buy to let mortgage are doing so after receiving an inheritance. There has been an increase in the volume of accidental landlords, and anyone who is struggling to sell a property may decide that acting as a landlord and generating income monthly may be the most sensible move.

While these responses suggest that there is a heightened level of interest in acting as a landlord, 64% of respondents said they were unaware of what a consumer buy to let mortgage was. This may dampen some of the enthusiasm that surrounds the buy to let market but this increased level of demand to become landlords may also be of interest to vendors.

Landlords need property to let, so vendors may find that there is another suitable buyer for them to consider and market to. It is vital that homeowners know who the most likely buyers of their home are and then take steps to appeal to this market.

At Jezzards, we are delighted to say that we have helped many vendors present their home in a manner that appeals to willing buyers. Whether you are looking for assistance in becoming a landlord or you find yourself looking to sell your property, get in touch with Jezzards on 03330 433 633 and we will be more than happy to help.


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Jezzards Estate Agents



 

 

Jezzards properties Hampton

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  • " I've dealt with some horrible agencies whilst renting in the past but I am glad we had Jezzards as our last. Didn't know that someone so professional and understanding and true to it's word existed in the business. I locked myself out once and they were there in  20 mins to assist. Heating stopped in the night and their out of hours assistance helped sort us out. Any problems or issues, were very promptly and effectively dealt with...I didn't even have to chase them. Our exit was quick, refunds took some time due to overlooked issues, which Victoria Jezzard looked into personally, and all done in 3 days. Dorathy was our handler and she was ace!! "

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  • " Everybody at Jezzards Estate Agents, Surbiton was very patient and sympathetic to our needs as non-residents looking to buy in a completely new area. We were provided with maps and advised on the layout of the town and nearby areas. We would particularly like to thank Gaj Murali for showing us round various properties in the pouring rain and taking a personal interest in helping us find the right property. Thank you Gaj. "

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