Landlord Confidence grows in line with Rental Yields

16 August 2012 Categories: News

Landlord Confidence grows in line with Rental Yields

According to recent research, rental yields for the private rental sector have again increased year on year, and it now seems that landlord confidence in the industry is also on the rise. Independent research carried out by BDRC Continental, but on behalf of Paragon Mortgages, has shown that the majority of landlords are at present feeling more positive about their buy to let business prospects than they have done at any time since the start of the credit crunch in 2007.

In fact, when questioned about their business expectations for the coming quarter, over two thirds of the landlords surveyed said they felt ‘good’ or ‘very good’. Similarly nearly 60% said they felt confident about the prospects of the private rental sector as a whole during the coming months. These figures are both very positive and the highest recorded since before the credit crunch took hold nearly five years ago.

Managing director of Paragon Mortgages, John Heron, commented on the findings of the research, saying “Our own survey indicates that landlords remain positive about the future of the (private rental) sector and are looking to expand their portfolios further in order to meet the growing demand from private renters. I am pleased to see that confidence is growing and that it has reached its highest level post-credit crunch”.