Lenders and landlords 'show appetite for buy to let'

15 October 2009

Written by Michael Aglony

A number of lenders and landlords are viewing the buy to let sector in a positive light, it has been suggested.

Citing figures from Mortgages for Business, chairman of the Residential Landlords Association Alan Ward said that there are signs that lenders and investors are seeking to buy properties with 25 per cent deposits.

While saturated markets such as two-bedroom apartments will not see much movement in demand, the current shortage of available properties means more desirable areas of the sector are likely to experience increasing interest, he added.

"There are conflicting opinions about the direction of the market," Mr Ward stated.

Paragon Mortgages released a report earlier this week indicating that landlords anticipate increases of 0.8 per cent on average in the net value of their portfolios over the next year.

This represents the first positive outlook for the buy to let sector in over two years, the company noted.

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