13 May

More houses to rent in Fareham?

More houses to rent in Fareham?

Buyers looking for property to rent in Fareham may see more affordable homes come onto the market in the near future.

A total of £2.9 billion was lent to buy-to-let investors in the first three months of 2011, across 27,600 loans, the Council of Mortgage Lenders (CML) has revealed.

The figures show that landlord lending has increased compared to the same period in 2010, when £2.1 billion was loaned across 22,000 specialist mortgages.

Increased mortgage lending may result in an influx of houses to rent in Fareham and across the UK.

Fareham, situated between Southampton and Portsmouth, may see more tenants headed to the town for employment opportunities.

A new Dunelm Mill store on Southampton Road will create more than 100 jobs, the Southern Daily Echo reports.

With new tenants potentially headed to the area, buy-to-let investors may plan to invest in houses to rent in Fareham.

CML director general Micheal Coogan says demand for rental property in the UK "remains strong" and predicts a further increase in buy-to-let lending in the future.ADNFCR-1222-ID-800533490-ADNFCR

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