Landlords increased their buy-to-let portfolios in the second quarter of 2012, according to Paragon Mortgages.
The UK lender's report shows that landlords would not be adverse to acquiring another buy to let mortgage, stepping up their portfolios from an average of 12.9 properties in the first three months of 2012 to 14.1 properties. The second quarter also marked a yearly increase compared to 2011, when landlords invested in an average of 12.5 buy-to-let properties.
21 per cent of landlords surveyed said that they would continue to increase their investments in the upcoming quarter, up from 18 per cent last year.
John Heron, Managing Director of Paragon Mortgages, said: "The fact that landlords are planning to make further investments in their property portfolios is positive news. It shows their appetite to grow their business to meet the on-going demands from tenants and demonstrates the viability of the UK's PRS.
"The issues around housing supply in the UK are well documented and have been hotly debated over the past few months in particular. However, what our research shows is that landlords are investing further in PRS property and they look set to continue to buy over the coming quarters. Whilst this will not solve the problems around supply it will make a valuable contribution."
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