Individuals who are considering making a move into the buy-to-let market should ensure they reference tenants properly before letting out their property.
David Lawrenson, private rented sector export at LettingFocus.com, said that property owners should carry out a thorough character reference on those people moving into their homes to ensure they will not run into any trouble and to avoid rogue tenants.
Mr Lawrenson's comments were made after the Cambridge Building Society re-launched its buy-to-let mortgage range, while reducing rates by up to 0.75 per cent and cutting fees by around £500.
In addition, following feedback from intermediaries who are increasingly searching for a wider range of deals with longer-term fixed-rate products and more flexibility, the company has added a new five-year fixed rate and a variable rate product to its current range.
Andy Lucas, commercial director of the Cambridge Building Society, said: "We have revamped the existing range and added products to meet the needs of a broader range of customers.
"We are continuously looking at adapting and improving our products to ensure that we are able to offer mortgage intermediaries and direct customers a choice that will appeal to them."
Published on: October 5, 2012