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Good News For Buy To Let Landlords

Thursday 17th June, 2010

The Bank of England has kept their base rate on hold at 0.5% for June (the 15^th month in a row), which is good news for Property Investors and Landlords alike.

According to a survey, commissioned by the Department for Communities and Local Government just 67.9 per cent of English households own their home, the lowest percentage since 1991,

There was a decrease in the number of owner-occupied households from a peak of 14.8 million in 2005 and 2006 to 14.6 million in 2008-09.

In contrast, the number of households renting privately has surged by one million since 2001, from 2.1 million to 3.1 million in 2008-09.

Private rented sector housing has accounted for nearly all-household growth over the past decade, with 1.1 million additional households in the sector compared to 2000. The sector is up from 13.9% of households in 2008 to 14.2% in 2009.

Tenant Direct Southampton is an independent property Lettings & Management Agency based in Southampton, if you are a would-be landlord wanting to invest in property in Southampton, a business landlord with an established portfolio, or looking to rent a property while you work or study in the Southampton, Tenant Direct is your number one choice for a personal and professional service.