In the aftermath of September’s controversial ‘mini’ budget, the buy-to-let sector was subject to significant market turmoil, with many Landlords prompted to consider downsizing their portfolios, as a pre-empt to deteriorating rental profits and rising costs.
In this ever-uncertain economy, an element of trepidation still remains surrounding the long term future of buy-to-let, but if recent headlines are anything to go by, the outlook for Landlords and investors may be starting to (slowly) look up.
Among the most noteworthy of these 'glimmers of hope', is the news of an increase in both fixed and variable buy-to-let product availability.
Since October, the number of available BTL products has risen by more than 700, which means existing and potential Landlords are better poised to seize investment opportunities such as this one bed apartment in Maidenhead, as and when they arise.
Just a short walk from the mainline train station (Paddington/Elizabeth Line), the property features a double bedroom, fitted kitchen, gas central heating and an allocated parking space.
It is also just a short walk from the newly redeveloped Waterway and its growing stock of cafes, bars and restaurants.
Summary
Although the fallout from the 'mini' Budget still persists, there is some comfort and confidence to be taken from the gradual return of product choice being seen in the BTL sector.
Granted, there may be fewer options to choose from than previously, and interest rates are inevitably more than they were eight weeks ago, but expectations are generally high that these will come down in the weeks ahead.
This, if it happpens, would inevitably stand the 2023 investor market picture in much better stead, than was perhaps predicted at the peak of September's 'Kwasi' crisis.
For more details on properties with buy-to-let potential, or to discuss your current portfolio with Braxton's dedicated Rental Team, call 01628 674234 or email jfarrance@braxtons.co.uk