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Buy-to-Let Booms in Britain

Buy-to-Let Booms in Britain

It has been predicted by the Government, using their own statistics, that by 2032, “more than one in three properties will be owned by private landlords”. There are currently two million private landlords in Britain, renting out around five million properties, and as more and more find it hard to get mortgages and put down deposits on their own properties, renting is still the only option for a lot of people.

The industry has boomed since its conception in 1996, when mortgages “specially aimed at private landlords were made available.” As an industry it is now worth £1 trillion and is continuing to grow substantially, as shown by the Government’s ’18 Years of Buy-to-Let’ report.

Buy-to-Let success stories became commonplace, especially during the housing boom between 2005 and 2007, and there hasn’t been a catastrophic ‘bust’ as many expected, if anything the recession and housing crash helped the industry. “The banking crisis led to a mortgage drought which prevented younger generations from buying, and instead swelled the pool of renters”, and this is still a common problem for many who want to be able to afford their first property but find it increasingly difficult to make those first steps. Paragon, one of the UK’s leading buy-to-let mortgage providers, have understandably been vocal in their praise of the boom. They think that “it has helped to shape a private rented rector that…provides choice, value and flexibility for tenants”.

Wellesley & Co. are contributing to this boom by providing property development loans and bridging loans to investors who want to develop both private and commercial properties throughout Britain. The most notable of which was the largest ever Peer-to-peer loan of £10.8m, which was used to develop the iconic Bristol building Burwalls in April 2014.

Wellesley & Co. are the fastest growing P2P Platform in the UK and due to successful business developments are in a great position to lend further to assured borrowers.

Bear in mind

Wellesley Property Bond

  • The Wellesley Property Bond has a fixed rate and duration.
  • The Wellesley Property Bond is an ISA eligible investment, allowing you to earn tax free interest on your investment. Please note, tax allowances and the tax efficient benefit of ISAs could change in the future.

Your capital is at risk and interest payments are not guaranteed. Investment in any Wellesley Property Bonds are not covered by the Financial Services Compensation Scheme (FSCS). In the event of a loan default or if Wellesley Secured Finance Plc becomes insolvent, you may lose some or all of your investment, including interest payments due. If you are in any doubt about making an investment or do not fully understand the risks, you are strongly recommended to consult an independent professional financial adviser before you subscribe.

Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511). Wellesley Secured Finance Plc was established as a special purpose vehicle for the sole purpose of issuing asset backed securities and is not part of Wellesley Group.

The information contained in this website has been approved as a financial promotion for UK publication by Wellesley & Co Limited (FRN 631197) who is authorised and regulated by the Financial Conduct Authority (FCA). Wellesley Property Bonds are issued by Wellesley Secured Finance Plc (the Issuer) and is not authorised or regulated by the FCA.

Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office and trading address is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 1 Bartholomew Lane, London, EC2N 2AX.

 

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