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

Young couples and families landlords’ top tenant types

Written by:
Younger partners and couples with children are increasingly joining the rental sector.

According to lender Paragon Mortgages, 57% of landlords let to young couples, families with children (51%) and young singles (49%).

Families have now become a ‘firm fixture’ in the rental market.

John Heron, Managing Director of Paragon Mortgages, said: “All the market data is telling us that demand for rented property remains very high and in key areas is outstripping supply by some margin.

“This survey indicates clearly that landlords are responding by adding property to their portfolios but the market still needs more if we are to see affordability improve for renters.”

The BDRC Continental Landlord Panel research for the third quarter highlighted that nearly 60% of landlords owned terraced properties, 53% flats and 44% owned semi-detached houses.

On average landlords who purchased property in the run up to Q3 increased their portfolios by 1.8 properties which is a decrease on last quarter and reverts back to the investment levels seen earlier in the year.

Landlords in the North East have the largest portfolios with an average of 22.8 properties, this was followed by the East of England with an average of 13.5 and then London (central) with 12.8 properties.

The average for all landlords surveyed was 10.7 properties.

Landlords also provided a general insight into their buy-to-let business, with 31% who own their property outright saying that they continue to invest in property as it gives a better return than other investment types.

Tag Box

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.

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

  • Are you married or in a relationship and still living at home with your parents? According to latest research as ma…
  • RT @TSB_News: Today we’ve launched market leading rates on the high street with our two-year fixed bond and two-year fixed rate cash ISA. R…
  • RT @TSB_News: Today we’ve launched market leading rates on the high street with our two-year fixed bond and two-year fixed rate cash ISA. R…

Read previous post:
HBOS chief ‘either delusional or dishonest’

The former chairman of collapsed lender HBOS was berated by MPs and peers yesterday and accused of being "either delusional...