Purchasing buy-to-let property and becoming a landlord is becoming increasingly attractive to many investors.
This is according to private rented sector expert at LettingFocus.com David Lawrenson, who explained some individuals have recognised they stand to make more money in the long-run if they lease an abode rather than put cash into a savings account.
He described how it is possible to get a net yield of around the same percentage as a high-rate five-year bond by letting out a property.
David Lawson said…
“Chances are that the property’s value won’t go down, so you are getting a good yield as well,”
It was noted many people are becoming landlords as they stand to make money by leasing their home rather than leaving it empty while they attempt to sell it.
Mr Lawrenson’s comments follow a recent report by the Association of Residential Lettings Agents, which revealed some parts of the UK are seeing an increase in the number of individuals being effectively forced into becoming landlords.
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