You are here: Home - Mortgages - Buy To Let - News -

Tenant demand keeps rising

0
Written by:
01/10/2012
Demand for rental property is stable or growing across the UK.

According to the latest Private Rental Sector Trends research from specialist buy-to-let lender Paragon Mortgages, 91% of landlords said they thought that demand was static or increasing in the three months to September, with just 6% of landlords stating that, in their opinion, demand was declining.

On average, UK landlords said they had 12.5 rental properties and many plan to buy more, with the average holding set to rise to 12.9 properties within a year.Of those surveyed, 16% plan to buy more property to rent out in the next 12 months.

Yields on investment in rental property were robust at an average of 6.2% a year, and landlords think that level will be sustained for the next 12 months.

More than half (68%) of landlords questioned said that their rental income had remained the same during Q3, whilst 27% said that it had increased and 5% had experienced a decrease. 

John Heron, managing director of Paragon Mortgages, said:

“It has been a stable quarter for landlords. Yields have remained healthy and at a consistent level for the past 12 months.

“It is not surprising that landlords are continuing to see high levels of tenant demand and I suspect this will continue into Q4 and the coming year. The PRS is under increasing strain with the growing shortage of homes in the UK, housing policy needs to focus more on motivating private landlords to grow their portfolios to better meet demand.”

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
2213547-ed-miliband-bis-2
Miliband would cap pension charges

Labour leader Ed Miliband has promised to enforce a strict 1% cap on pension charges as part of his plan...

Close