Landlords and tenants could benefit as rentals grow
Friday, February 1st, 2008Landlords can look forward to a rosy 2008 as the rental market continues to grow, according to industry experts.
Stats published by Paragon Mortgages showed a 19.4 per cent increase in rents in 2007, with 8.1 per cent of it happening in the last three months of last year.
David Salisbury, chairman of the National Landlords’ Association, said: “The chances are in the coming months there will be increasing demand placed on the private-rented sector and well-managed portfolios can only serve to benefit both tenants and landlords alike.”
He added figures showing more than 25 per cent of landlords plan to expand their portfolios over the next five years were evidence of the sector’s success and sustainability.
Those holding equity in property may be able to take out homeowner loans secured against the house, according to Moneyfacts.