The UK Real Estate Market

The UK Lettings Market

Though deep in recession, the UK property rental market is still a thriving sector to be involved in. There could be many reasons for this, after all we all need a roof over our ahead. Repossessions are still high, the banks have a tough criteria to qualify for lending. To purchase a property you need a minimum 20% deposit, some banks want 30% to offer a low interest rate. On a £300k property this is £60k plus all the added fees such as estate agent costs, legal costs, stamp duty and removal fees. By letting it seems to be more of an affordable option whilst waiting to see how the unstable property market turns out.