“The letting market in the South Lanarkshire area is remaining extremely busy with an exceptionally high amount of applicants for each property. Properties are being taken quicker than I have ever seen in my many years in letting. We need more letting stock to deal with the demand. Since the change in the mortgage rates, we have had an increased amount of landlords looking to sell the properties as they can only increase the rent by 3% and the mortgage rates have gone up by double this amount. Landlord are struggling and I see this continuing.”
I am a Tenant Landlord