The recent landlords’ survey by Paragon Mortgages made interesting reading. In essence, it says that the demand for rentals is high, and that yields are up.
What is also interesting is that “buying intention” is also up: more people are planning to buy houses to let in the near future than last financial quarter.
John Heron, Director of Mortgages at Paragon sums it up:
““Landlords are consistently seeing strong rental demand, and on the back of better availability of buy-to-let mortgages they are planning to buy more property, which should improve the supply of property to tenants, thus easing some of the pressure that has been building.”
Overall, there is quite a bit of optimism in the rentals market, and we’ve noticed that the number of professional landlords seems to have moved forward in the past three months.
If you’d like to discuss buy-to-let mortgages, feel free to get in touch.