Renting now 'best solution' for UK homeowners |
17 2007 |
| Renting is continuing to grow in popularity among professionals, with the 'sell and rent-back' phenomenon particularly gaining momentum, according to National Homebuyers. With property prices showing no sign of easing, the company has reported twice as many enquiries from homeowners regarding the possibility of selling their property and then renting it back on a long-term basis. "We are seeing a marked increase in the number of people who have family homes and have lived in them for a number of years that now want the Sell-and-Rent-Back solution," explained Julian King, managing director of National Homebuyers. "They can’t afford the higher mortgage or the threat of a fall in the value of their property but they don’t want to lose the home they have grown to love. Renting is the best alternative." While the vast majority of rental properties are currently one or two bedroom houses or flats, this is likely to change over the coming years, with growing numbers of larger properties available for families or groups of professionals to rent together, experts predict.  |
Related Articles |
| Property in Edinburgh falls 11% |
| House prices in Edinburgh have now fallen 11 per cent in a year, research... |
| NLA comments on 'reluctant landlord' |
| The National Landlord's Association (NLA) has commented on the phenomenon... |
| Rents tumbling as property supply rises |
| Research from the Royal Institution of Chartered Surveyors (Rics) Wales has... |
| Rent could drop as buy-to-let grows |
| Both interest rates and house prices are dropping at present, creating what... |
| Top London homes fall 11.5% in quarter |
| New homes in some of London's most sought-after locations have fallen by a... |
Copyright © 1995-2008 loot.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the loot