24th September 2007
Buy-to-let mortgages hit an all time high
Despite current concern with rising interest rates, the demand for investment property is predicted to increase as the number of buy-to-let mortgages reaches 940,000*. Since the end of 2005, when figures stood at 702,000, the number of buy-to-let mortgages has risen by an impressive 34%.
Imagine Homes, the UK’s buy-to-let specialists, alleviates the uncertainty associated with buy-to-let and offers its customers worry-free access to property ownership.
Through its expertise, Imagine Homes source quality new build opportunities in excellent locations throughout the UK with long-term capital growth and rental prospects. Imagine Homes will also furnish the apartment with high quality, bespoke furniture which includes a 5 year manufacturers guarantee. They will then find a professional tenant and manage the property for the first 2 years. During this time investors will receive an above average rental income at 7.5% of the purchase price for each of the first two years from completion, irrespective of void periods.
For 2 years after completion, investors need not have any involvement with the property and then at the end of the 2 year rental period they have the option of making the following choices; inherit the tenant, rent it out with a new tenant, move in or sell.
Grant Bovey, CEO of Imagine Homes, commented: “The current economic climate has created an ideal platform for buy-to-let investors. Rising interest rates has boosted tenant demand. It has kept would-be home buyers in the rental sector who are adopting a wait and see approach.”
Grant Bovey, is available for interview and to comment on all aspects of the buy-to-let industry. For more information please contact Mischief PR on 020 7100 9999 / imaginehomes@mischiefpr.com.
Imagine Homes has a large portfolio of high quality properties – please see www.imaginehomes.co.uk for more information.
*Council of Mortgage Lenders