Thinking of becoming a BTL landlord?
By |Published On: 27th February 2012|

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Thinking of becoming a BTL landlord?

By |Published On: 27th February 2012|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

Recent figures released from a leading mortgage company indicate that there is no better time than the present to become a buy-to –let landlord. Figures from Paragon Mortgages suggest that now is a great period to take out an investment mortgage.

Encouraging times

The recordings presented by Paragon Mortgages found that over a third of brokers increased their buy-to-let revenue in 2011. In addition, the findings projected that over 25% of mortgages are buy-to-let deals. up by over 5% on one year ago. Paragon’s figures also suggest that around 40% of landlords were utilizing buy-to-let mortgages to enable them to add to their existing portfolio.

Amateur landlords

Another interesting statistic from the Paragon report showed an increase in the number of first-time landlords. This number has risen by roughly 4% in the final quarter of 2011. The rising numbers could be attributed to a number of factors. Most probably, the two main contributors to the increase are falling interest rates and the rising rent prices, especially around the capital.


Thinking of becoming a BTL landlord?

Thinking of becoming a BTL landlord?

Reasons for optimism

The positive end to 2011 gave hope that 2012 could be another prosperous year for the buy-to-let industry. Managing director of Paragon, John Heron, certainly believes that this will be the case: – ‘The final quarter of 2011 was for many intermediaries a successful one, with increased optimism about the coming months and a steady improvement in the level of buy-to-let business being written.[1]

Mr Heron also commented that, ‘it is particularly notable that the proportion of new landlords is also increasing[1].’ With the economy showing shoots of recovery, there is no reason to suggest that the buy-to-let industry could once again record better figures in 2012.


About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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