Buy to Let Landlords Are Choosing to Invest in Family Sized Homes

Family-sized homes are gaining in popularity with landlords, as the UK’s private rental sector enters its latest phase.

Research from buy-to-let mortgage specialist, Paragon, suggest that landlords looking to expand their portfolios this autumn are more likely to be considering semi-detached and detached properties for investment.

Forty-one per cent of landlords with a purchase in mind are likely to be looking for semis (up from 28% back in the Spring) while 22% are aiming for a detached property (up from 9% earlier this year).

Currently nearly half of landlords have families as tenants, making them the fourth-largest tenant type.

With strains on the social housing sector, mortgage lending in the doldrums and continuing economic difficulties, more families are sure to be visiting lettings agents and hopefully landlords will be able to react quickly to the changing demographic as rent rises look set to continue for the remainder of 2011.

Home Move