South West London is experiencing a boom in the buy to let market, according to mortgage broker Oportfolio.
Property in Putney, Fulham and Clapham Common is proving particularly popular as lending to buy to let landlords is at an all time high – the Council of Mortgage Lenders reporting that buy to let accounted for 13.4% of total lending in the UK during the first quarter.
Reasons for the current boom include large deposits for first-time buyers so that people cannot afford to become homeowners, the number of lenders offering buy to let products significantly increasing and property in London continuing to perform well as long term investment.
Oportfolio is a mortgage broker which offers offer ‘whole of market’ mortgage advice, specialising in providing clients with the most suitable terms for critical illness insurance, life assurance, income protection, private medical insurance and buildings and contents insurance.
To find out more call 020 88771169 or email [email protected].
Photo courtesy of locksleynet.com, with thanks.
