Landlord's positive about student lets
As thousands of students prepare for university, private landlords are getting ready for one of their busiest periods. A recent survey by specialist buy-to-let lender, Paragon Mortgages, shows that three quarters of landlords (76%) who let to students think that demand for property is either good or excellent.
Research by BDRC Continental of NLA landlords also reported on student landlords' growing confidence in the market, with 70% saying that they rate the prospects for future investment in student property as good.
John Heron, Managing Director of Paragon Mortgages, said: "The student rental market is one of the largest specialist components of the private rented sector. Letting student property is appealing to landlords as they usually benefit from higher than average rental yields as rooms tend to be let on an individual basis. There are generally lower levels of arrears too as student tenancy agreements benefit from parental guarantees."
August 24, 2012
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