What do our landlord insurance clients think about the future of the private rented sector? The buy-to-let mortgage specialists Paragon Mortgages have recently undertaken research to work out landlords’ planned purchasing behaviour over the next year.
More than 22% of landlords surveyed said they were expecting to purchase additional properties in the next 12 months. The average portfolio in the third quarter of 2011 has climbed to 13 properties, up from 12 properties earlier in the year. The most popular type of property was terraced housing.
Landlords seem quite optimistic about the future with 77% saying that they rate the prospects for the private rented sector for the next 12 months as very good or good.
Source: Paragon Mortgages 29/11/2011.