Legal News
Buy to let buyers showing interest in auction houses to improve their portfolios (31 May 2012)
Date: 31/05/2012
More and more searches on property websites are now by buy to let property investors with indication that the figures were set to rise further this year.
Auction houses are also expecting to see a surge in bidders keen to expand their buy to let portfolios.
Auction Finance Limited, which provides fast funding for auction purchases, is seeing an increasing interest from buy to let investors who and auction houses are expecting to see more numbers of bidders who would like to expand their buy to let portfolios.
Chris Baguley, director at Auction Finance Limited, said the buy to let market was the perfect option for investors, while interest rates and property prices were still low.
Investors who are smart enough are continuing to pick up properties before prices rise and are looking forward to auction rooms as a great way to grab a lucrative deal.
Would-be investors are doing their research carefully and choosing good quality areas with strong employment and city centre locations where there is no problem in finding prospective tenants.
Baguley added that with the demand for tenancy remaining high there was less risk of void periods and management fees. And any investment with bright chances of returns would continue to benefit the let to buy investors.