Landlords see demand rise

Buy-to-let mortgage holders are confident that demand for rented accommodation in the UK remains high.

New figures from Paragon show that a third believe demand is rising rapidly, up from just over a quarter at the end of 2007.

In addition, 58 per cent of those questioned said that they see tenant demand as being strong and stable.

It is great news for those with buy-to-let mortgages and it seems that they are benefiting from the global credit crunch.

"Young people are choosing to remain in rented accommodation for longer due to the uncertain housing market outlook," said John Heron from Paragon.

"The shortfall of available rental properties is particularly felt in London and the south-east because they're hotspots for young professionals.

"Increasingly this demographic either can't afford, or don't have the confidence, to commit to home purchase," he added.

It was recently revealed by Rettie & Co that Scottish landlords are benefiting from increased tenant demand as a result of the global credit crunch.

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