Landlords 'will be looking to invest in 2010'
New research has revealed that 1 in 10 British landlords are looking to add to their property portfolios in the first quarter of 2010.
The report by Paragon Mortgages found that 10% of landlords want to buy in the next three months.
Nearly two-thirds said they would be looking to purchase terraced houses, which has traditionally been popular among property professionals.
Semi-detached housing was the second most popular type with 25% of people looking to invest. In addition, 1 in 5 landlords want to buy flats, while just 10% are interested in detached properties.
However, the report also found that landlords are still being affected by a lack of affordable funding.
John Heron, Paragon Mortgages' managing director, said: "It is encouraging that landlords are still active in the market and are looking to expand their portfolios. With tenant demand at such strong levels and soft house prices presenting the opportunity for bargains, it is easy to see why."
Figures from the Council of Mortgage Lenders show that buy-to-let lending increased in the third quarter of 2009 for the first time in 2 years.
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