Strong demand for rental property

Posted on 17 January 2011 by Drew

2 comment(s)


A survey from specialist buy to let lender Paragon Group reports that strong demand for rental properties and improving finance conditions have led to 71% of landlords being optimistic about the outlook for 2011.

So as house prices fall investors are likely to come out in force to snap up bargains. Landlords are likely to be in a far better position to do so than first time buyers because they will usually be able to find a deposit of at least 25% - if not in cash, then by remortgaging existing buy to let properties where they have a relatively small loan to value.

Landlords are also benefiting from excellent levels of tenant demand, low finance costs and a strong pricing position, while the availability of buy-to-let mortgage finance is easing somewhat, according to Paragon.

Categories: Buy to let, Mortgages, Interest rates

Comments

There's good news for landlords in Birmingham too. 70% of interest in new properties at Hive, has come from potential letting tenants. A great reason to buy at Hive when the development launches.

Simon James18/01/2011 15:47

All very well that landlords are happy, but what about us potential first time buyers? Yet again, after the merest glimpse of hope, we appear to be shut out.

Alan Seaton18/01/2011 13:02

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