Finance drought crippling landlords

30% of landlords predict that tenant demand will rise over the next 12 months, according to Paragon Mortgages’ Private Rented Sector Trends Q2 2009 report.

PRS Trends is a quarterly survey of landlords that tracks developments in the UK’s buy-to-let market and wider private rented sector

The buy-to-let lending specialist also reported that nearly one in 10 landlords has purchased buy-to-let property in 2009

However, 43% of landlords state that a lack of mortgage finance is the main obstacle to expanding their property portfolio

John Heron , Paragon Mortgages’ managing director, said: “Landlords are telling us that they want to buy new property because they recognise that yields are increasing