Now could be a great time to become a first-time landlord

If you have ever considered building a property portfolio as a landlord, now could be a great time to start your journey.  

Information from a market-leading property portal indicates rents have risen at the fastest rate on record, and tenant demand has almost doubled. At a time when interest rates on traditional savings accounts are low, many believe it is a good time to invest in the property market. *

Lenders are evidently committed to supporting prospective landlords. A recent report from a popular money comparison site revealed there are currently 2,235 mortgage products on offer to first-time landlords, an increase of more than 70% than the same time last year.

A huge 64% of available buy-to-let mortgage products are catering to first-time investors and rates are attractive, allowing landlords to protect themselves against future rate rises by locking into a good deal with a fixed-rate mortgage. The average two-year fixed rate mortgage for a first-time landlord is currently 3.19%, rising to 3.47% for a five-year fixed product.

If you would like to explore buy-to-let properties and mortgage products which could lay the foundations for your property portfolio, call us today and talk to one of our team members.

*Property Reporter 

Properties available for sale

For Sale 2 bed Flat

Hardrow Road, Armley

Guide Price £65,000

CASH BUYERS ONLY!! **NO CHAIN SALE** FOR SALE BY MODERN METHOD OF AUCTION (??*for further information about the auction process, please see the special note below) WITH ADVANCE PROPERTY AUCTION. STARTING PRICE £70,000 PLUS RESERVATION FEE’S APPLY** Spacious TWO BEDROOM GROUND FLOOR APARTMENT with lounge/diner, kitchen & bathroom – Requires modernising & offers bags of potential, ideal for property developers, buy to Let investors and first time buyers.

For more info: https://hardistyandco.com/properties/hardrow-road-armley/

 

For Sale 3 bed Flat

Eyres Mill Side, Armley

Offers Over £125,000

IDEAL FOR INVESTORS with tenants in situ paying £595 pcm. VACANT POSSESSION can be offered too, so ideal first home!

For more info: https://hardistyandco.com/properties/eyres-mill-side-armley/

 

3 Bed House – Terraced  For Sale

Park Avenue, Armley

Offers In The Region Of £155,000

WELL PRESENTED & SPACIOUS THREE bed., back to back terrace on one of the most sought after streets in Armley, Perfect 1st home or investment.

For more info: https://hardistyandco.com/properties/park-avenue-armley/



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