Residential Letting Agent, Tennens Properties, Opens in Bury St. Edmunds

SUFFOLK, ENGLAND, June 05, 2013

Tennens Properties opens in Bury St. Edmunds this week, an independent property letting agency, bringing together a team with strong knowledge of the market and expertise in lettings.

Barry Tennens, Lettings Manager, comments, "The rental market is extremely strong, in 2012 3.8 million people rented which was a 23% increase on the 2008 figures and this year it is anticipated that the trend towards renting will continue to rise. It is a good time for investors to consider the Buy to Let market, with professional advice from our team we can help people identify the right type of properties that will be keenly sort after by tenants and maximise their return on investment."

A recent survey from The Association of Residential Letting Agents (ARLA)confirmed yet again that would-be first time buyers continue to have to turn to the rental sector because they cannot get a mortgage. Whilst the recent budget announcements bring some help to buyers, these schemes are focused on new build properties which is a very small proportion of the housing market. The lack of available mortgages is also forcing many sellers who cannot wait for a buyer to consider renting out their property instead of selling. With many new requirements for landlords to adhere to it can be a minefield for new landlords and professional advice is essential. Tenants typically remain in the same property for a period of 19.4 months and the good news for landlords as shown in the survey is that average rental voids are now down to an average of 2.9 weeks nationally and rental returns continue to rise particularly for houses.

The team at Tennens Properties have a strong understanding of the particular needs of tenants and landlords associated with the United States Air Force (USAF) base at Lakenheath/Mildenhall. Bury St. Edmunds and the surrounding villages offer many excellent properties suitable for personnel who are serving on the base. American families are particularly keen to be part of the local community but they often talk a different language when it comes to property for example they want 'enclosed yards' and still measure rooms in feet and inches. Many USAF personnel research property available before they leave for the UK but find the way properties are described on the internet confusing because of the different terms used on this side of the Atlantic. Big is beautiful in the American culture so it can come as a surprise when a room described as a double bedroom for a typical English house is more akin to their idea of a small single bedroom. Barry comments, "Our team understand the needs of the American tenants and will be working closely the USAF Housing Office to help service personnel find suitable houses and apartments in the local area. Landlords interested in renting to USAF personnel can be confident that our team will be able to give them the best advice and help to ensure that their property can be made ready for the American market."

Tennens Properties Ltd is an independent property letting agency in Bury St. Edmunds, Suffolk, providing proactive rental management for residential properties in the Suffolk area.Tennens Properties also have a specialist team for lettings to USAF Lakenheath and Mildenhall personnel, Bury St. Edmunds and the surrounding villages offer many excellent properties suitable for personnel who are serving on the base.