August 13, 2011
Increased confidence for Buy To Let
Buy To Let mortgage company, Paragon report that UK Landlords are regaining confidence for the first time since 2009. Further to the lenders recent research, 23% of landlords are happy once again to consider the possibility of adding property to their portfolios. Terraced property still remains the strong favourite for most investors as a solid 50% were keen to add them to their existing investments in the second quarter.
Nigel Terrington, CEO of Paragon Group said “Landlords are still experiencing high levels of tenant demand which is set to rise further in the coming quarters. It is encouraging to see yields remaining at a healthy level, low void periods and general confidence across the sector."
