www.propertyfile.co
Last week an existing client of ours approached
us with regard to increasing their current Buy to Let portfolio as the
recent changes in the pension's overhaul announced by the Chancellor in
last month's budget enables them to withdraw a cash lump sum from their private pension.
This initiative means there could soon be a whole new influx of landlords coming into the property rental sector as savers aged 55 and over can access this cash and will mean probable surges in Buy-to-Let as savvy investors look to maximise returns on their savings. Property remains a favourite source of income as rental returns continue to outweigh savings rates, making Buy to Let a very attractive proposition.
The new generation of landlords will focus on acquiring property in the right locations to deliver solid rental returns and our local market has continually proven itself as one of the top areas in Hertfordshire for investment.
We are already seeing a large number of new Buy to Let enquiries as well as many of our current Landlords looking to increase their portfolios locally and this new pensions incentive is sure to increase demand.
The increase over the last twelve months of the average rental income as previously reported will also be a factor in encouraging potential investors to put more money into "bricks and mortar" with the average rent now achieving £797 per calendar month nationally, although in this region our figures are higher with a two bedroom property realising £843pcm.
"Your local lettings experts, our advice is free but our knowledge is priceless"
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
Adrian Fallart - Director - Property File
This initiative means there could soon be a whole new influx of landlords coming into the property rental sector as savers aged 55 and over can access this cash and will mean probable surges in Buy-to-Let as savvy investors look to maximise returns on their savings. Property remains a favourite source of income as rental returns continue to outweigh savings rates, making Buy to Let a very attractive proposition.
The new generation of landlords will focus on acquiring property in the right locations to deliver solid rental returns and our local market has continually proven itself as one of the top areas in Hertfordshire for investment.
We are already seeing a large number of new Buy to Let enquiries as well as many of our current Landlords looking to increase their portfolios locally and this new pensions incentive is sure to increase demand.
The increase over the last twelve months of the average rental income as previously reported will also be a factor in encouraging potential investors to put more money into "bricks and mortar" with the average rent now achieving £797 per calendar month nationally, although in this region our figures are higher with a two bedroom property realising £843pcm.
"Your local lettings experts, our advice is free but our knowledge is priceless"
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
Adrian Fallart - Director - Property File
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