Latest reports from chartered surveyors around the country indicate that the buy-to-let market throughout the country is gearing up for a long-term all time high as more and more people turn to renting rather than purchasing a home and the demand for property far outstretches the actual supply available. This is causing a progressive rise in rents being collected for the second straight quarter in a row according to the Royal Institute of Chartered Surveyors (RICS), with little progress being seen looking towards the coming few months to indicate a slowing of the pace.

One of the primary limiting factors that has worked to stymie the market has been that regardless of the fact that mortgage rates remain at an all-time low the lettings market for all mortgages ranging from commercial mortgages to even highly sought after buy-to-let mortgages remain low. This is due to a number of factors, including lender uncertainties over the actual viability of some properties to high initial down-payment rates preventing many additional developments to be established throughout the country that would help alleviate many of the supply issues in some areas.

Experts expect that the current trends limiting the overall expansion of the buy-to-let market will continue throughout the remainder of the year as more and more people shift their attention away from individual home purchases and towards renting as a way to save up money for purchases of their own later on down the road. The fact that many feel the UK will follow the US property market in its progressive decline and work to drive down home costs in the future adds to this anticipation and fewer and fewer people are willing to purchase homes for fear they will decrease in value while lending institutions grow more weary each day over potentially unprofitable ventures.