Landlords Expected To Invest In More Buy To Let PropertiesTweet
Published on July 10, 2012 by TBO editor
A recent survey undertaken by Paragon Mortgages, who specialise in lending to landlords, has shown that landlords are considering buying more buy to let properties in the coming months. Landlords bought property quicker in the last three months than the quarter before showing greater willingness to invest once again.
The average portfolio belonging to property investors was 14.1 for the last three months. Having risen from 12.9 the previous quarter this also represents an increase in the rate at which landlords are buying new properties; it took nine months to increase from 12.5 to 12.9 but only three to rise to 14.1. 21% of borrowers said that they would buy more property by the end of September.
In terms of property types, the most likely acquisition for the majority of landlords was the terraced house with 49% saying that they would add at least one terraced property to their portfolio.26% were looking for flats or maisonettes and 23% were looking for semi-detached homes.
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