Landlords continued buying extra properties during the first three months of the year, according to buy-to-let lender, Paragon, typically increasing portfolio sizes by 1.8 properties to an average holding of 10.8. Twenty per cent of landlords questioned said they expect to purchase property in the next 12 months, with terraced houses still the top choice [...]
Paragon Mortgages
Landlords continue property acquisition spree
Landlords continued buying extra properties during the first three months of the year, according to buy-to-let lender, Paragon, typically increasing portfolio sizes by 1.8 properties to an average holding of 10.8. Twenty per cent of landlords questioned said they expect to purchase property in the next 12 months, with terraced houses still the top choice [...]
Next generation more likely to rent than buy
A new report from Legal & General Mortgage Club promises valuable insight into the shape of the UK’s private rented sector and buy-to-let market. According to the lender, the buy-to-let market hit its lowest level for eight years in 2009, when new lending to landlords fell by nearly three quarters from its previous peak. However, [...]
Rise in buy-to-let mortgage activity
Buy-to-let accounted for over 20% of mortgages handled by intermediaries in the final three months of 2010, with the proportion up from 17% in the previous quarter and at its highest for three years.
According to Paragon Mortgages’ Financial Adviser Confidence Tracking Index, 45% of the buy-to-let business handled by intermediaries during the period was for [...]
