Richard O’Neill, MD Lettings at Romans discusses ‘Let-to-Let’:

Q: For those who do not know, please give us a brief understanding of what let-to-let means exactly?

The let-to-let process is where homeowners let out their existing home – usually smaller in size – and use the rent to cover the mortgage and rent a bigger property. This sees homeowners become both landlord and tenant in order to get the spacious home they want quickly and within budget.

 

Q: Is this merely a trend due to the current climate of covid-19 and lock downs? Will this become a more serious option for home owners looking to move to a bigger place of living? Have you seen an increase in demand for homes of ‘size’ over those based on ‘proximity to work’?

It does look like this is a trend at the moment due to the current climate; however, I do believe homeowners would consider this more in normal climates if there was greater awareness around this option, which is where I think an experienced agency can help. With regards to property sizes vs. properties close to work, we have seen a greater preference for spacious properties, in particular with a room for a home office, over those that are in close proximity to the workplace.

 

Q: What style of homes are popular for those looking to move out from their smaller property to a larger one? Increased room sizes, extra bedrooms / office, garden space, location (sea/country) or maybe simply to get away from it all?

This all depends on individual circumstances, however many of the options mentioned above have been very popular since March this year. In my own personal circumstances, I was looking for space for a home office and a garden.

 

Q: Can home owners contact you Richard to find out more if they are looking to move to or out from your region (Reading)? Or who should they contact?

Landlords are more than welcome to contact me, however the knowledge and expertise our branch managers have of their local areas and available properties is likely to be more useful to landlords.

 

Thank you to Richard for answering our questions. Thank you to Kiera for arranging the interview.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove asks government to carefully consider property tax changes

The UK’s largest property platform Rightmove is asking the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences which would risk stalling parts of the market. Key data National property tax Just under a third (30%) of homes for sale in England are priced at over £500,000, and…
Read More
Estate Agent Talk

Get Fast and Reliable Basement Flood Cleaning Services

Having water in your basement is awful. It could be because of a storm, busted pipe, or bad sump pump. Whatever the reason, water damage in your basement has disastrous effects if not dealt with. Basement Flood Cleaning Services are what you need. They will dry it out, disinfect the floor, and have your basement…
Read More
Breaking News

Breaking Property News 21/08/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Providing comprehensive, predictive operational intelligence across all aspects of building operations  JLL (NYSE: JLL) this week introduced artificial intelligence (AI) capabilities that are now available as an add-on to Prism, its award-winning building operations platform. As part of JLL’s property management technology ecosystem powered by…
Read More
Breaking News

UK House Price Index summary: June 2025

The average monthly rate of house price growth in June was 1.4%. The average annual rate of house price growth in June was 3.7%, up from 2.7% in May. As a result, the average UK house price remains at £269,000.   CEO of Yopa, Verona Frankish, commented: “June’s figures reflect a market that is steadily…
Read More
Breaking News

Private rent and house prices, UK: August 2025

Average UK monthly private rents increased by 5.9%, to £1,343, in the 12 months to July 2025 (provisional estimate); this annual growth rate is down from 6.7% in the 12 months to June 2025. Average rents increased to £1,398 (6.0%) in England, £807 (7.9%) in Wales, and £999 (3.6%) in Scotland, in the 12 months…
Read More
Breaking News

Industry response to latest inflation figures

Nathan Emerson, CEO of Propertymark, comments: “Unfortunately, any increase seen within the rate of inflation does brings very justified concerns to consumers, many of whom are still struggling with the cost of living, which has been steadily rising over the past few years. “Although there is more work to be done to help ensure inflation…
Read More