Average monthly rent in the UK now stands at over £1,000 for the first time.

According to a leading web based property blog aboutproperty.co.uk the leading cause was the mortage rate increases in the private rented sector where average rents rose four per cent in the first quarter of 2008, new figures from buy-to-let specialist Paragon show.

Over the last six months rents rose 12 per cent to an annual figure of £12,041.

The rising rents put further pressure on first-time buyers locked out of the mortgage market by the credit crunch until they can raise sizable deposits.

A third of landlords now report tenant demand is expanding rapidly – the highest level in nearly four years – as first-time buyers delay stepping onto the property ladder.

Some 58 per cent of landlords said demand was stable and strong.

Rising rents have masked the effects of falling house prices for landlords – with yields remaining stable at 6.3 per cent for the third consecutive month.

What does this mean for you? As we have the means because we have seasoned buy-to-let professionals (0207 740 1770 ) who can advise you on your investment portfolio.

To find out please call one of our executive consultants on 0207 740 1770 to see you on how you maximise your profit by continuing your investment curve

To talk to ChaseDevonshire about your options please use the to contact us please do call 0207 740 1770 for emergencies we do have an after hours number. Chasedevonshire now has skype online and if you use skype you can call using your skype phone or compatible headset or handset. Written by Staff - Visit Website

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Chasedevonshire now has skype online and if you use skype you can call using your skype phone or compatible headset or handset.