26
Aug
Rents and yields 'to rise considerably'
Good news for landlords is that that rents and yields are likely to
rise considerably soon, according to one property expert.
Keshav Thukaram, managing director of buy-to-let products and
services website Smartlandlord.co.uk, said that the increase in
rents and yields will come as the ratio of prospective tenants to
rental properties gets higher.
His comments follow the release of figures from the Department of
Communities and Local Government on new-build housing starts and
completions.
"With official unemployment still rising fast, however, landlords
would do well to protect their rental income through comprehensive
tenant referencing and rent guarantee insurance," stated Mr
Thukaram.
He added that it is crucial that the government puts pressure on
lenders to increase buy-to-let mortgage lending.
The news correlates with comments made earlier this year by
Savills, which noted that rent increases are imminent due to the
falling number of available properties on the market.
