Buy to let landlords will be very encouraged by news from Countrywide Residential Lettings. The nationwide agency saw a record 50,000 people register with them in the quarter to the end of June 2010.These are all people seeking rental accommodation and is the highest figure the company has ever seen.
Countrywide say there are now more than five potential tenants for every let property on their books with the average rent for a four bedroom house now £1,090.
People with unoccupied property might be tempted to try letting it out rather then see it stand empty or offer it for sale. If so, make sure your property insurance is suitable because a policy that was set up for an unoccupied house may not be appropriate for a let property and vice versa.