Landlord and Letting Promotions

Landlord and Letting Promotions

According to the latest Housing Report, rents levels in Britain have reached an all time high. The average rent paid in the UK is £700 a month. In London it's higher, at a staggering £1000 a month. Indications seem to be that rents are continuing to rise, as first time buyers find themselves renting for longer because mortgage lending is still hard for young people to find.

And house prices, in most parts of the country, have declined. There are a few hotspots where they continue to soar. But mostly house prices are down. Maybe not by much, but the years of explosive double-digit growth are definitely over.

Now, combine all this with the greater availability of Buy to Let mortgages deals from lenders at affordable rates and you have a situation that's perfect for investors looking to make some cash from property. If you can muster up a 40% deposit, then you'll likely get a good mortgage arranged. Some of the interest rate levels are very attractive indeed.

But don't labour any illusions that Buy to Let is the path to easy millions. There's real skill and judgement in picking the right property in the right locality where there's a ready demand for lettings. You need to do your research to ensure you don't end up buying a donkey.

You also need guile and resourcefulness to be an effective landlord, managing your property and tenants in a cost effective manner. The profit margins on Buy to Let can be very slim so keeping an eye on costs is vital. And that's where Upad come in. We connect landlords with tenants, by advertising your property all over the web on sites like Rightmove, Zoopla, Findaproperty, Globrix and many others.