13 Oct

Lenders and landlords showing "encouraging signs"

Lenders and landlords showing "encouraging signs"

Independent estate agents might be pleased to learn that the property industry is seeing some "encouraging signs" from lenders and professional landlords, with many looking to buy houses with 25 per cent deposits.

This is according to Alan Ward, who is the chairman of membership body the Residential Landlords Association.

He said that landlords are likely to be purchasing more properties in desirable areas in the coming months.

His comments follow the publication of research by Paragon Mortgages, which showed that landlords are expecting the net value of their portfolios to increase over the next 12 months for the first time in two years.

"There are conflicting opinions about the direction of the market. Undoubtedly the recent rises reflect the shortage of properties available," stated Mr Ward.

In related news, Zoopla.co.uk recently reported that more than three-quarters of homeowners (79 per cent) think that property prices will increase over the next six months.

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