A recently-launched buy-to-let portal, Buy2Let.com, is expected to increase investments in the already thriving sector.
The buy-to-let sector is already worth £1 trillion and shows little signs of stopping, with lending levels up a third on last year, and many landlords reporting an increase in rental income.
Over the coming weeks, the new portal will be populated with thousands of property investment listings, sourced from an impressive list of some of the industry’s best-known agents.
With buy-to-let loans reaching new volumes, and pension reform in full-swing, now is the optimum time for agents to attract buy-to-let investors, whether they are first-timers, cashing in their pensions, or seasoned investors looking to beef up their portfolios whilst the market is more favourable.
Founder of Buy2Let.com, Martin Wilkinson, comments:
“We are delighted to launch the first and only B2B property listings portal dedicated to the buy-to-let market. Buy2Let.com is designed to be the perfect marketing partner for agents to reach investors directly, and encouragingly, it seems our panel of forward-thinking early adopters already recognise us as such.
“We appreciate that some agents and developers simply don’t have the time to dedicate to the investment market, and we know that the current property portals simply do not cut it it when it comes to marketing to investors – they are designed to sell solely to the owner-occupier market.
“Alternatively, Buy2Let.com provides the crucial pieces of information that investors need to make a purchasing decision – uniquely, the portal allows them to search for and identify opportunities by annual rental yield, as well as categorising each listing as vacant, instant rental – or tenanted, and HMOs. No other portal offers this level of insight or comparison, because they are not intended for the buy-to-let property investment market.”
With a recent survey revealing that 41 per cent of people consider buy-to-let property investment as a reliable investment for a financially stable retirement, it’s an exciting and competitive time for agents to reach investors and landlords.
Wilkinson estimates the annual rate of growth rate of the sector could be up to £50 billionn, which is a 20 per cent increase.
I have an existing BTL mortgage with Birmingham Midshires due to expire in 2017 BM are unable to extend the period of the loan as I shall be 75 years of age . I would be seeking to extend the loan period rather than liquidate the outstanding loan either by selling the mortgaged property or from own funds. The mortgage is currently on an interest only basis, the original period being 12 years, at a very preferable rate (sub 1% ) with regular monthly overpayments made by standing order. Please advise on likely options for re-mortgage.