Landlords report rent increases
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.”