Higher rents expected for buy to let mortgage holders

03 December 2009

Written by Jeni Browne

Some 22 per cent of chartered surveyors expect buy to let landlord rent to rise rather than fall in the next three months, according to new research.

The Royal Institution of Chartered Surveyors (Rics) Lettings Survey indicates that the organisation's members are more confident than they have been for some time regarding increasing rent levels.

Rics suggests that the number of rental properties appearing on the market has dropped for the first time since January 2008, while 16 per cent more surveyors have reported a rise in activity during the last three months.

Spokesperson Jeremy Leaf commented: "It seems the current upward trend in the housing market is having a more significant effect on the lettings market, with many of the accidental landlords returning to the sales market to take advantage of the recent price increases."

Findaproperty.com's rental index recently showed that the average rent landlords are charging in the UK increased between October and November, continuing a trend that has been noted in recent months.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.