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Stags Residential Lettings Department confirms that a recent National Landlords Association report has shown that just under 22 billion has been invested in the UK’s Buy to Let sector in the past 12 months. The organisation said that more than a million landlords in the UK have some form of borrowing in this area.
Andrew Luxton MRICS FARLA, Partner in charge of Stags Residential Lettings Department confirms that these figures show just how much money private landlords are putting into providing much needed homes for the UK’s estimated 9 million renters. These figures also follow on from the Bank of England’s figures that showed nearly 8 billion was provided in Buy to Let lending during the third quarter of 2014.
It shows that private landlords have largely been responsible for maintaining a supply of properties to the rental market with this trend likely to continue for the foreseeable future.
If you are considering a Buy To Let investment or wish to consider transferring your property portfolio then contact one of Stags dedicated lettings departments for further free no obligation advice or download the Buy To Let guide>