Tenant demand 'increases'
Property professionals
17th October 2008
Demand from tenants was on the rise during the third quarter of 2008, new research has found.
According to a study by Paragon Mortgages Trends, over half (51 per cent) of surveyed landlords described tenant demand as "growing" or "booming".
John Heron, managing director of Paragon Mortgages, said it is important for the government to recognise the role of the private rented sector, reports Find a Property.
He commented: "We have seen that the supply of rented properties has increased as people that would have sold their home decide to rent it out instead, but where do those people then go on and live? In most cases, in rented property."
Landlord Expert reported recently that many commercial property owners are falling foul of unaffordable mortgage commitments because of tenants who do not pay their rent on time.
The website advises landlords to seek out an adequate insurance policy to protect themselves against unexpected expenses.
