Over half of you believe that rising interest rates will lead to a decline in the buy to let market, but a third believe that it won’t. This is clearly a difficult one to call. On the one hand, the new lump-sum pension scheme is encouraging pensioners to join the rental market as landlords. The Redress Schemes is also increasing regulation for rogue agents – an unfortunate facet of the rental market that may have been putting potential landlords off. However, alongside the rising interest rates, there has been a sharp increase in property prices. This may put new buy to let buyers off.
At Rentify, we’re very interested in these changes and will be keeping tabs on the progress, whatever happens.