Rents rose again in March
Rents rose for the second consecutive month in March, up by 0.4% to reach £687 per month, the latest Buy-To-Let Index from LSL Property Services shows.
The average rent in March 2011 was 4.2% higher than in March 2010 and the highest level since November 2010. The greatest monthly increases were seen in east England, where they rose 2.2%, and the south-east at 1.7%. Rents fell by 1.6% in the west Midlands.
Trinity Financial has seen an increase in demand for buy to let mortgages since the start of the year and we can access some excellent rates for our clients. Godiva Mortgages offer a range of fantastically low rates for borrowers with a 35% deposit. The lowest is variable for the term of the mortgage and is currently priced at 3.99%. There are no early repayment charges and this makes the lender attractive to investors planning to improve properties before they are sold on.
For investors wanting the security of a fixed rate, two year fixes start at 4.49% for those with a 40% deposit. The arrangement fees on both mortgages are low at £1249 and the property valuation fee is included.
April 15, 2011
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
