4 Jul

Landlords still expanding portfolios as demand remains

Landlords still expanding portfolios as demand remains

UK buy-to-let owners are continuing to try to expand their property portfolios in the middle of 2013 as tenant demand remains high.

It has been reported by various sources throughout the year that the number of people getting on the housing ladder has been increasing, but this has not meant a fall in demand for homes in the private rented sector.

According to Paragon, 93 per cent of landlords it surveyed said that the level of demand in the UK was either stable or growing at the current time.

In the next 12 months, some 86 per cent said they expect this trend to continue, with only six per cent saying that they feel there will be a drop in demand.

And this has meant that buying intentions have swelled, with 19 per cent adding that they intend to buy more rental homes in the near future - an increase from the 13 per cent who said the same in the first quarter of the year.

John Heron, director of mortgages, said: "Landlords are consistently seeing strong rental demand, and on the back of better availability of buy-to-let mortgages they are planning to buy more property, which should improve the supply of property to tenants, thus easing some of the pressure that has been building."ADNFCR-1222-ID-801608302-ADNFCR

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