Buy-to-let landlords have been one of the UK’s financial success stories.
Lending to residential property speculators is almost back to pre-2008 levels.
According to the Council of Mortgage Lenders, there were 16,000 buy-to-let loans worth £2.2bn approved in May 2014. In 2013 buy-to-let accounted for 14 per cent of all mortgage borrowing, compared with 11.5 per cent in 2012 and 9.5 per cent in 2011.
There is an increasing number of buy-to-let landlords landlords who manage their own investments as opposed to giving it to professional property managers. With values rising buy-to-let landlords are now looking how best to improve their returns and one obvious way is to self-manage.
Self-management need not be difficult. If you are an organised individual and employ management software managing your asset can be both rewarding and financially astute. And if you “let” yourselves using any of the portals, then you really are maximizing your return on investment.
There are an array of technologies that can help you manage from desktop software to cloud based mobile platforms that can even integrate you the landlord with your tenant, contractor and letting agent. One such software is Arthuronline, the first cloud based web and mobile platform that allows such integration. Arthur allows small landlords, portfolio landlords and property managers to manage from anywhere and is priced according to the number of units you manage.