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Overseas Landlords

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© Claim Link 2005/10

BUY TO LET

During 2005 almost 60% of rented properties coming on to the market were Buy-To-Let. Lenders were very keen to advance funds for this sector of the market and hence many people without experience of letting property joined what was perceived as a "gold rush"!

Unfortunately, many of the properties suffered problems and lenders became disenchanted with the whole concept of Buy To Let and many have now withdrawn from this market.

For the landlords the problems have been exacerbated by a weakening of rental values (RV's) and cash flow is now of paramount importance. The last thing that any landlord needs is a wayward tenant; especially when there is a large loan secured by the rented property and the income stream dries up.

The security deposit will obviously cover the first month's rent arrears but after that the landlord is out of pocket - and the mortgage payments must still be made. This situation can be made worse if the tenant is costing the landlord more money by "trashing" the property and removing fittings and other inventory items.

In this situation delay costs money!

If the above sounds familiar to you please click on the button below and complete the response form. We will get straight back to you with an action plan.

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