Increase in rents 'good news for buy to let landlords'

14 September 2009

Written by Simon Whittaker

The latest figures on rental levels represent "good news for landlords", according to editor of Property Hawk website Chris Horne.

A 2.2 per cent increase in rents has been recorded by the site in the last half-year period, which is deemed positive for those with buy to let mortgages.

"Although they have fallen over the last two years they are actually starting to rise again," Mr Horne commented.

It is not just Property Hawk that has reported rent inflation in recent times - the Residential Rental Price Index statistics on the Rentright website also indicate better news for the sector.

They suggest that whereas rents averaged £564 in July this year, they went down to £531 in August and back up to £674 this month.

Buy to let mortgage holders may also have seen their assets grow in value recently, as Halifax and Nationwide Building Society have both reported that house prices in the UK are on the rise.

According to Halifax, the typical house in the UK cost more than £160,000 in August.

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