Buy-to-let sector becomes stronger
Current buy-to-let investors are happy investing their money
on more homes, they have the greatest assurance on trace, a new
case study has revealed.
Paragon have shown the results of its buy-to-let survey representing
that landlord's confidence is increasing regardless of the current
climate of rising interest rates.
Paragon Mortgages, managing director John Heron commented saying
that tenant demand is "strongly underpinning the market", principally
as the amount of students and immigrants boost.
He added, "Despite ill-placed criticism of the buy-to-let sector,
rented accommodation is becoming an increasingly important part
of the UK housing market."
Landlords are targeting homes, which are unaffordable for people
who can and will not get on the property ladder for whatever
circumstances their tenants may suffer.
According to paragon mortgages survey, the average landlord owns
11.5 properties, which is expected to increase to 12.5 by 2008.
Council of Mortgage Lenders figures revealed that 12 per cent
of all mortgage loans were buy-to-let mortgage deals and this
was taking up most of the property sector.
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