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More people are going to rent in the UK

The UK private rented sector is set for further expansion in 2014.

It is believed that the private rental sector currently accounts for 15 per cent of all UK homes and this is expected to grow to 20 per cent by 2014.

The recovery of the housing market and availability of buy-to-let mortgage lending will see more landlords aiming to invest in the sector.

Many of these people will be looking for capital gains on top of rental returns – a trend that has not been witnessed since before the 2008 financial crisis.

We predict that buy to let will become increasingly attractive and accessible for smaller investors wanting to add another asset class alongside their existing savings and pension portfolios.

Many people are opting to rent because they know it provides good value for money.

They are secure in the knowledge that they can live in well-managed and maintained property that is both flexible and easy to budget for.

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