Mortgage advisers report they are continuing to see a strong flow of business from the buy-to-let sector, with around 21% of their current business coming from landlords, according to Paragon's September Buy-to-Let Index.
The latest Index also claims landlords have seen average prices fall in the past month and are looking to increase their portfolios by an average of 5%. The research found the price landlords paid for property fell 1.6%, from £181,533 to £178,566 between August and September. Paragon says this is generally because landlords are more experienced at negotiating prices and are often able to spot under-valued locations. The report also says landlords are hoping to increase the size of their portfolios, with the average portfolio expected to grow 5% in the next twelve months, from 11.5 to 12.1...
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