Most property advertised and let as home rentals in the UK are owned by private landlords. These investors having been encouraged by various incentives and tax breaks (including the famous or infamous buy to let scheme) to buy property to let and they will often have a large portfolio of properties.
The UK market for rented accommodation has traditionally been much smaller than other European countries as the public have been encouraged to buy their own home and becoming a home owner has definitely been viewed as a wise investment.
“Safe as houses” is a popular phrase to describe something that is a certainty and reflects the public perception of buying property.
This so called perception has been affected by the property crash of the 80′s and the current property/economic recession of recent times with the end result been a mixture of negative equity and falling house prices or bankers inability to finance new mortgage purchases.
The situation may now be changing as the economic crisis continues and it becomes more and more difficult for younger people to find the necessary deposit to buy a home and more often than not mortgage lenders will only finance a mortgage if you have a high deposit.
One is more likely to find a part buy part rent scheme with low deposit but it will usually be for an apartment which may incur high service charges and may not be suitable for couples with children.
The traditional first time buyer has been priced out of the market due to high house prices and a tightening up of mortgage lending criteria.
This group of potential home buyers are often just beginning their career and are now looking at home rentals as a medium term option whilst they save a deposit and feel that their employments prospects are secure.
Uncertainty about house prices, interest rates and rising unemployment has all dampened the enthusiasm to become a home owner and home rentals are now a regular part of the national economy.
You can find home rentals on a huge number of internet sites but some sites will be oversubscribed by letting agents, and others appear to be out of date or do not attract enough traffic nor provide analytical and statistical data for individual users specific usage.
Houses and flats or apartments that are advertised and let by private landlords will often be cheaper as they will not be paying a commission to the letting agent and this can mean that tenants are able to afford somewhere that is ideally placed or has the features they would like.
Private owners have traditionally used local newspapers to advertise but this means any potential tenants probably already live in the area and restricts the number of people who will apply.
The Lettings Mall has a variety of both private and agency listings ensuring that the home rentals advertised are a real reflection of the properties that are available to let.
If interested in home rentals, you are advised to start your search at the Lettings Mall as the site provides the various features needed by the average property seeker and communication features useful to facilitate quick and easy transactions.
The Lettings Mall provides property owners,house sharers and estate agents to connect with tenants and housemates who require home rentals
