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Landlords expand buy-to-let holdings

The number of experienced buy-to-let landlords is growing, with many intending to increase their portfolios in the next year, according to the Paragon mortgage property investor confidence tracking index.

On average, buy-to-let landlords questioned by the survey expect to expand their portfolios by 25 per cent to six properties over the next 12 months and expect them grow in value by 10 per cent over the year.

The survey reports that 71 per cent of buy-to-let landlords have more than four years experience and only a third have less than three years experience. Just 4 per cent have owned buy-to-let properties for less than a year.

The highest proportion of buy-to-let investment remains in the South-east although this has declined marginally to 38.6 per cent of the total from 40.5 per cent last September. The second most popular area is the South-west, which accounts for 17.45 per cent.

The survey is conducted quarterly and questioned 207 landlords last December.

Paragon Mortgages managing director John Heron says: “It has become increasingly obvious that the typical buy-to-let investor understands the market and the average loan to value demonstrates that such investments are being approached very cautiously.”

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