Rentify CEO George Spencer discusses CML report on surge in buy-to-let

The Council of Mortgage Lenders has published an article regarding the expansion of the buy-to-let sector and associated lending, which has reached a level not seen since the third quarter of 2008. Rentify CEO George Spencer was quoted by the BBCThe TelegraphMoneywise, andThis is Money regarding this surge in activity. His comments on the article are below:

“It is not just the residential mortgage market which is picking up dramatically – the buy-to-let market is also seeing renewed confidence from landlords, with the number and value of loans at their highest level in five years. This growth is fuelled by a renewed appetite from investors – both experienced and novice alike, along with better availability of buy-to-let mortgages at lower rates and with looser criteria than at any time in the past five years. We expect the market to continue to grow at an impressive rate in coming months. We are adding rental properties to our website at the rate of 600 a week and now have 140,000 landlords and tenants registered with us as both sides look for alternatives to traditional high-street letting agents.”

About Rentify:

Rentify is the UK’s leading online service for landlords, helping them to market, manage, and make money from their properties. The company was established in 2011 and its’ first services went live in 2012, seeing 100,000 users register in less than a year. Rentify is backed by investors including Balderton Capital and D5 Capital.

Further Information:

Please contact Melanie Bien at Bien Media on 07875 175357 or melanie@bienmedia.com

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