Tenant demand remains high as landlords invest in more property

by Aaron Strutt

Jul 05 2013

Demand for private rented property has remained high during the second quarter of the year, according to survey of landlords by Paragon Mortgages.

Almost all of the landlords (93%) that took part in Paragon's PRS Trends survey said that tenant demand was either stable or growing.  Those landlords surveyed also reported an increase in average rental yields, rising to 6.4% from 6.2% in Q1.

There was a sharp increase in buying intentions too, with 19% of landlords expecting to make property purchases - this has risen from 13% in the first quarter.

The report also shows that the average portfolio size for all landlords has increased slightly to 13.3 properties. Also, half of the private investor landlords surveyed had two properties and 24% of professional landlords have between 11 to 20 properties.  The average void period landlords reported was 2.8 weeks last quarter.

John Heron, Director of Mortgages, said: "This long-running survey is designed to improve our understanding of changes in landlord sentiment, motivation and outlook and the second quarter results paint a picture of a strong, confident and growing market."

If you would like help to secure a buy-to-let mortgage, Trinity Financial has access to a host of lenders offering best buy rates. We also specialise in re-financing property portfolio's and investment property purchases. Call us on 020 7016 0790.

July 5, 2013