Housing market looks good for Landlords: Paragon Mortgag
www.moneynews.co.uk > Mortgages > Housing market looks good for Landlords: Paragon Mortgag
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Money News |
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Housing market looks good for Landlords: Paragon Mortgag
Thu 1st Jun 2006
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The housing market is described by Paragon Mortgages as being buoyant and property investors are still looking to buy-to-let because of the good returns available.
According to figures released today by the lending specialist, rental rates have stabilised after easing slightly last month and now stand at the same level as six months ago.
The east midlands has the highest rental yields at 6.84 per cent with Greater London offering the lowest rental yields at 5.78 per cent.
John Heron, Paragon Mortgages' managing director, explains: "There has been a resurgence of buy-to-let activity since last autumn, particularly among larger scale and professional investors. In all parts of the country, upbeat landlords are buying properties at higher prices, secure in the knowledge that there is good tenant demand."
The government accepts that first-time buyers are it finding difficult to get on the property ladder and as a result many people have to rent property from "upbeat landlords" as Paragon Mortgages has today described buy-to-let property investors.
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