A survey carried out by specialist buy-to-let lender Paragon Mortgages has revealed a rise in confidence for landlords in the rental market.
Landlords who took part in the quarterly survey reported an average yield of 6.2% across their portfolio in the second quarter of this year, a slight increase on quarter one.
Furthermore, 16% of landlords surveyed are looking to add to their portfolios during the third quarter. This reveals a strong sense of positivity in the rental market, which can be boosted further by using web property management software that reduces stress and encourages investment.
According to the results, terraced houses are the most popular to invest in, with 55% of landlords choosing this type of property.
72% of landlords surveyed said that their rental arrears would remain stable in the next year, again highlighting a renewed confidence in landlords across the UK.
John Heron, Managing Director of Paragon Mortgages, said, “It is interesting to see the improvement in confidence amongst landlords in the PRS.
“We are seeing much more activity in the private rented sector and, in turn, the Buy-to-let market, as a result of continuing strong rental demand and the investments made by landlords.”
Whilst confidence levels are high for the time being in the private rented sector, they need to be maintained. This is where Arthur comes in.
Arthur offers effective property management software that eases communication for everyone involved in property, from landlords to tenants to contractors.
Arthur is specifically designed to boost confidence for all parties with its intelligent and fully integrated system, making things simple, efficient and transparent.
If you are a property manager, property owner, landlord or letting agent, your business will save time and money by using Arthur. Try out the free Arthur Demo today to see how!