Property Rentals

Having just experienced the severe cost cutting measures introduced by the Coalition Government it is going to be very tough for home onwers as to whether they have to sell or whether they can hold on to their property until the market comes back to such a level they have the confidence to believe they homes have reached a selling valuation which would encourage a buyer.

However we believe the present property market will continue to gp into stagnation for at least another five years.

home owners have to move on even through the difficult times as well as the good times. How this is achieved can only be decided by owners themselves. Any responsible house owner must know the dangers out there if they believe they can sell their homes for more than they paid for them, or the fact they will receive silly offers in many cases from potential buyers who will take the opinion the seller is desperate.

It is our opinion that if homeowners can afford to, or in fact be able to move somewhere else, then it is a possibility of their home being rented out and achieving a rental level above their mortgage payments.

Lettings have now increased twohold since last year alone, and at least  there is an alternative to being forced to sell in such a serious and unpredictable property market.

Room for thoughts.or if you wish please call Colin Penfold if you would like to have a more in depth discussion.

Thank you

Colin Penfold

01737 222233