Wednesday, 4 February 2009
Paragon Mortgages report shows growing yields for buy-to-let landlords
Paragon Mortgages’ have published their fourth quarter Private Rented Sector Trends report, a quarterly survey of highly experienced landlords launched in 2001 to track developments in the UK’s buy-to-let market and the wider private rented sector.
Summary
Tenant demand continues to be strong in the private rented sector (PRS), with over a third of landlords currently experiencing growing demand for their property. Landlords expect this level of demand to continue over the coming 12 months, with four out of ten landlords predicting that tenant demand will be higher than current levels.
Landlord profile
The majority of landlords in the PRS are highly experienced, with over two thirds (66.5%) having been a landlord for 11 or more years. On average, residential landlords’ portfolios consist of 13.2 properties, with the average portfolio worth Ł1.52m. The average level of borrowing across a landlord’s portfolio is less than 50% of the portfolio’s value.
Read more: Mortgage Introducer
