UK Buy to Let Sector Has Great Potential – L&G

A recent report by Legal & General Mortgage Club is mainly focused on the future of the British buy to let and rental property sector as well as its latest trends.

As such, Legal & General suggests that the British buy to let market hit its lowest in 2009 falling by 75%; it recovered throughout 2010-2011 and now represents the only sector on UK housing market that is growing.

Experts at Legal & General are determined that in the future buy to let property will have even more importance than it has now because it is a very flexible option for many Brits. Mr. Thompson of Legal & General Mortgage Club highlighted that "there is also growing evidence to suggest that many of the next generation, the traditional first-time buyer market, are showing a greater propensity to rent than to buy." He also added that the quality of buy to let property is constantly improving.

More information on the report by Legal & General Mortgage Club is available on the lender’s official website.