8 Dec

Landlords see increase in demand

Landlords see increase in demand

Many landlords across the UK have seen an increase in demand from tenants over the third quarter of the year.

Figures from Paragon Mortgages show there has been a rise in those people looking to live in rental homes. In particular, the East of England has seen higher demand, with 52 per cent of landlords reporting a rise in interest, followed by 31 per cent in the North East.

Nationally, 41 per cent of landlords felt there has been more interest from prospective tenants in recent months.

The survey also revealed that rental yields have remained largely at the same level throughout the year for the majority of landlords, although there has been a slight slowdown in London and the South East. However, this has been balanced by growth in other regions as tenants look for more affordable homes.

"This research shows that yields, and tenant demand have remained strong throughout the third quarter, in common with 2015 overall," said John Heron, director of Mortgages at Paragon.

He added: "The figures reflect a steadily improving economic outlook for the UK as a whole and show that, more and more people are actively choosing the flexibility of making a home in the private rented sector."ADNFCR-1222-ID-801807610-ADNFCR

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