Auction Finance Limited, which provides funding for properties bought at auction, has reported increasing interest in auction rooms from buy-to-let investors.
Chris Baguley, director at Auction Finance Limited, said: “The buy-to-let market is the perfect option for investors, while interest rates and property prices are low.
Savvy investors are continuing to snap up properties before prices rise and are looking to auction rooms as a great way to grab a bargain.
“Yields continue to remain strong with greater demand than ever, and rents are expected to increase in the next twelve months.
“Would-be investors are doing their research carefully and choosing good quality areas with strong employment and city centre locations where there is no problem in finding prospective tenants.”
Baguley continues: “With tenant demand remaining high, there is less of a risk of void periods and management fees, canny buy-to-let investors will continue to benefit from a strong source of income.”
