Landlords are re-mortgaging to keep up with rental demand

December 5, 2011

CIA Let Property Blog

The demand for rental property is rising more and more, to keep up with this landlords are re-mortgaging so they can add more properties to their portfolios.

Buy-to-let properties seem to be dominating the market at the moment and tenants will be pleased to see more rental properties become available due to the actions taken by landlords.

Director general of the CML, Paul Smee, said :  “With tenant demand remaining strong in the rental sector, some existing BTL landlords have been expanding their portfolios and the growth that returned to the sector in the preceding quarter has continued. The recovery of BTL from its low point in 2009 has helped improve supply and choice in the rental market. Despite recent improvements, however, BTL lending volumes are still only around one-third of their former peaks.”*

Mortgage deposits are sill in some cases impossible to find, so the demand for rental property will keep rising for the forseeable future.

 

*Quote from – remortgage.com

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