Property
revelation in property investment conomic fallout from the coronavirus crisis is fuelling a change in property investment as an increasing number of landlords switch from buy-to-rent to rent-tobuy properties.
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Although the concept has been tried and tested over a number of years it has remained little known among a large section of the public and the property investment community.
It may seem only a minor difference in terminology but it’s a rapidly emerging trend that has massive benefits for both tenants and landlords.
“Everybody’s heard of buy-to-let, where investors acquire properties and then let them out to tenants in order to generate regular income and make a profit, but fewer people are aware of the growing rent-to-buy market,” said Gordie.
“Whenever, and wherever, we offer a rent-to-buy property we get inundated with applications from potential tenants,” said Gordie Dutfield, Glasgow born entrepreneur and Director of pioneering property company Diamond Estates, the UK’s foremost authority on rent-to-buy.
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Property specialists have long recognised there’s quite a few downsides for both parties in the traditional landlord and tenant relationship.
Issue 56
