Can technology assist landlords looking to expand property portfolios?

Average rents in the UK have soared at the fastest pace for at least 16 years, as a rising number of tenants compete for an increasingly short supply of homes available to let. According to Rightmove, the average cost of renting a home outside London has risen by another 3.5% over the quarter, to a new record of £1,126 per calendar month. Likewise, rents in London have reached record highs of £2,257 a month, having increased by 15.8% over the past year.

As a result, the robust growth in rental income is encouraging landlords to stay in the sector, despite potential deterrents on the horizon, such as proposed changes to Energy Performance Certificate (EPC) requirements. Landlords are now buying more homes than they are selling for the first time since 2016, with a key driver identified as the desire to keep assets diversified as property prices remain healthy, even in the face of rising interest rates and fears of a looming recession.

With the buy-to-let market heating up, time-saving tech will be crucial for brokers looking to make the most of the market. The Smartr365 HomeBuyer app makes the end-to-end process of buying a home straightforward and seamless. By simply scanning a QR code, those seeking mortgage advice are able to connect directly with brokers and start their digital home purchase journey immediately.

This QR code can be added to all promotional materials, or passed onto estate agents, solicitors or property developers – making homebuying simple and easy from very beginning to end, for all involved.

To find out how Smartr365 can help you better serve clients, book your demo with Smartr365 today.