Land­lords re­port rent in­creases

Yorkshire Post - Property - - PROPERTY -

AL­MOST a third of land­lords (29 per cent) said their rental in­come in­creased dur­ing the sec­ond quar­ter of 2011, ac­cord­ing to re­search car­ried out by buy-to-let mort­gage spe­cial­ist Paragon.

The re­search showed that 13 per cent of land­lords sur­veyed have in­creased rentals by be­tween 2 per cent and 4 per cent, with 4 per cent say­ing they had in­creased rental in­come up to 6 per cent. Of those sur­veyed, 8 per cent said their rental in­come had risen by 2 per cent; 4 per cent said it had gone up by more than 6 per cent.

Paragon Group CEO Nigel Ter­ring­ton said: “Land­lords are con­tin­u­ing to ex­pe­ri­ence high lev­els of de­mand for their prop­er­ties so have been able to make small in­creases to rent lev­els.”

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