Rock-bottom rates, soaring rents and sliding house prices spurring new buy-to ... This is Money Peter Gettins, of broker London & Country, says: 'With first-time buyers struggling terribly, there's increasing demand for rental properties and, as a result, rents are increasing while mortgage rates are at historic lows. 'With such low costs and high demand, buy-to-let presents an attractive prospect. ... Meanwhile, rents have risen for the third month in a row, hitting an eight-month high, according to lettings agent LSL Property Services' index. In June, the average rent was hiked by 0.9 per cent on May to £718 a month, ... See all stories on this topic » | This is Money |
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