Buy to Let Investors Plug Gaps in the Rental Market

19 September 2012 Categories: News

Buy to Let Investors Plug Gaps in the Rental Market

It seems that buy to let investors and landlords wanting to expand their property portfolios are starting to see the potential of purchasing flats and small semi-detached houses in addition to the ever-popular terraced house, according to buy to let mortgage specialist, Paragon Mortgages. Statistics released earlier this month by the mortgage provider showed a large increase in the number of applications for apartment-type properties, while a survey of Paragon clients showed that nearly 60% of respondents are considering the purchase of either a flat or terraced property.

The shift towards smaller properties will definitely help to plug the gap that currently exists in the private rental sector, and with rents at an all-time high it is no wonder that landlords are considering an expansion of their property portfolios.

Managing director of Paragon Mortgages, John Heron, commented “It is very encouraging to see private landlords looking to invest in a wider variety of property types,”

“This responsiveness of the private rented sector to changes in the shape of housing demand is one of the major strengths of the sector and it would be good to see policymakers work with private landlords to make more of this capability,”