Optimistic UK Mortgage Market Forecast For 2018

UK Finance recently produced an annual mortgage market forecast which directly affects the whole property market. The team from Platinum Property Partners share their views on the report’s findings

The annual UK Finance report affects the whole of the UK property market, and there are a number of important points that have arisen from the analysis. One important factor is there is more optimism about the next two years than twelve months ago.

There is a buoyant, active and competitive market for accessing funding with 36,200 mortgages advanced to existing homeowners. This is a rise of 17% – much higher than anticipated.

This comes as great news for companies like Platinum, franchise Partners and potential future partners who are growing, or starting, their portfolios by refinancing residential properties.

Statistics support market observations that buy-to-let activity has been weaker and is back at to 2012 levels.

With little indication that this is set to recover any time soon, it suggests that accidental or inexperienced landlords are going to be increasingly less prevalent – the market is less attractive to those without training and ongoing support – subsequently there are increased opportunities for the professional landlord, who have the training and knowledge required to be successful in the current buy-to-let sector.

Rents being paid to private landlords in Britain rose by 1.2% during 2017.

Whilst landlords are experiencing more challenges through legislative and tax changes, the market continues to rise. Buy-to-let private landlords are set to be the beneficiaries of the rental boom, as long as they acquire the right support and training regarding the current changes in legislation.

Platinum Property Partners offer their partners in depth mentoring and training so these challenges can be understood, overcome and potential risks mitigated.

These key highlights demonstrate that overall there is a positive outlook for the professional specialist buy-to-let market for 2018. Partnered with the right training and support, it could prove to be a very profitable and sustainable investment opportunity. For more information about building your own successful property portfolio go to platinumpropertypartners.co.uk