Demand for rental properties remains high across the UK

With rental properties in high demand across the UK, now could be the perfect time to become a landlord, or to expand your existing property portfolio. 

When the housing market was able to finally reopen in the early months of this year, with travel restrictions lifted within the UK and in-person property viewings allowed to take place, the UK housing market experienced a bit of a boom, and demand has continued to grow since! 

“Government incentives, such as the extension to the stamp duty holiday and the introduction of the 5% deposit mortgage scheme, really brought about a boost in demand for those looking to purchase property, and this was particularly true for first-time buyers,” explains Pearson Ferrier Director, Julian Ferrier. 

“What we’ve been noticing in recent months is that it’s not just homebuyers who are contributing to this boost in figures, but also those looking to rent. We’ve seen a marked increase in demand for rental properties across the Greater Manchester area, which has resulted in rental prices increasing slightly, and properties being snapped up in record time. Most properties are let within days of being offered to the market, with many receiving multiple applications due to the shortage of quality property currently available.

“With this in mind, we believe now could be the perfect time for those considering purchasing properties on a buy-to-let arrangement to do so. Not only is it likely that you will achieve a higher price in monthly rent than those achieved 12 months ago, but it’s also very likely that you’ll not have to wait very long to start earning something back on your investment, with so many tenants lining up to book viewings and make their next home move.” 

Buy-to-Let Properties at Pearson Ferrier 

Should you be considering purchasing a buy-to-let property, our independent mortgage consultants have years of experience and extensive resources to help you find the mortgage that’s best suited to your requirements, and will always be on hand to talk you through your options and offer entirely impartial advice. 

Pearson Ferrier Property Management Services 

Once you’ve got that buy-to-let property under your belt, we can help with taking care of the rest. Not only can we help with marketing your property to attract the right tenant, but we’ll also take care of all the paperwork and manage the tenancy once your tenant has moved in. 

At Pearson Ferrier, we’ve operated a successful property management service for 25 years, and we’re here to be the first point of contact for your tenant so that you can focus on your other responsibilities. 

Our property management services include:

Rent collection 

At the beginning of every month, with the rent paid into your account within 7-10 days 

Maintenance 

And timely repairs, should any issues arise 

Inspections 

To make sure your tenant is taking good care of your property 

Regulations and updates 

To ensure you remain fully compliant with the law 

Find out more about our property management services here.

Ready to get the ball rolling on your next investment? 

Now could be the perfect time to take the leap and invest in a buy-to-let property! 

View our properties for sale, contact us for advice on buy-to-let mortgages, and start earning on your investment in no time!