Nottingham Letting Agent Property Blog

Apparently the profile of buy to let landlords is changing, and, buy to let lenders are seeing an increase in the number of mortgage applications from first time borrowers. According to mortgage specialist John Charcol, growing numbers of middle-aged homeowners who have substantial equity in their property are choosing to let rather than sell, and are then using the equity released to either buy another property in which to live or are choosing to rent.Some of these new landlords are keen to move but are reluctant to accept a lower price for the property, while others now see their home as...

You might think you have done relatively well at the property market game, and that it hasn’t lost value since you bought it, but the truth is that rising inflation means that anyone who has bought a property after 2006 is likely to have lost money on it. According to figures from LSL Property Services, the average house price has increased 11% since 2006, which all sounds pretty good, until you take into account the fact that inflation has risen by 17% during the same period. Average salaries have gone up by 15%.In certain areas of the country the situation is...