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Tenant demand leaps 46% year-on-year

Figures from Your Move show tenant demand jumped 15% in February from January, with demand almost doubling since 2008.

In the past year, huge numbers of accidental landlords have flooded the market, causing rents to go down, says Your Move, but the balance between supply and demand is now easing as more tenants sign up to new leases.

David Newnes, managing director of Your Move estate agents, says: “We’ve endured a painful adjustment in the property market – but I think we could be seeing some light at the end of the tunnel. Lettings are the silver lining of the past year’s market. Tenant demand in February was up strongly on 2008 – by 46%.

“More importantly, the flood of new stock coming onto the lettings market as some disgruntled sellers became accidental landlords has ebbed, taking the pressure off rents.”

Your Move saw interest in buying property spike in February and new buyer registrations were at their highest since Easter last year.

Newnes adds: “The banks have still got their hands tightly around the neck of mortgage finance. But if you’re lucky enough to have a nest egg, Warren Buffett comes to mind, “Be fearful when others are greedy. Be greedy when others are fearful.”

“If landlords can get finance, low interest rates, low house prices and a strong rental market makes now a superb opportunity to invest.”


Sales jump for mortgage protection insurance

Helpucover says it has seen a 69% increase in the rate of sales for its income protection and mortgage payment protection insurance products in the first two months of 2009 compared with the second half of 2008.

FSA and advisers both have their shortcomings

The seemingly endless procession of individuals disciplined by the Financial Services Authority suggests that high moral scruples may not be inherent within all those that the FSA approved on Mortgage Day.

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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