Landlords ready to sink more cash in to buy to let
Landlords are still purchasing more buy to let homes, according to research by a mortgage lender.
Property investors piled cash in to buy to let in the first three months of 2012, adding an average 1.8 homes to their portfolios, says Paragon Mortgages.
The average property portfolio numbers 10.8 homes with 1.3 tenants per property, according to the figures.
One in five landlords confirmed they expect to buy more property in the next year.
Their favourite property is a terraced house – the best option for 64% of landlords – followed by flats (57%) and semi-detached homes (46%).
Tenant profiles remain unchanged from the final quarter of 2011 – young singles make up most of the number of tenants (53%), followed by young couples (51%) and families with children (51%).
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