26 Aug

Rents and yields 'to rise considerably'

Rents and yields 'to rise considerably'

Good news for landlords is that that rents and yields are likely to rise considerably soon, according to one property expert.

Keshav Thukaram, managing director of buy-to-let products and services website Smartlandlord.co.uk, said that the increase in rents and yields will come as the ratio of prospective tenants to rental properties gets higher.

His comments follow the release of figures from the Department of Communities and Local Government on new-build housing starts and completions.

"With official unemployment still rising fast, however, landlords would do well to protect their rental income through comprehensive tenant referencing and rent guarantee insurance," stated Mr Thukaram.

He added that it is crucial that the government puts pressure on lenders to increase buy-to-let mortgage lending.

The news correlates with comments made earlier this year by Savills, which noted that rent increases are imminent due to the falling number of available properties on the market.

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