Not all landlords are keen to expand their portfolio, despite an increase in demand for rental property and subsequent higher rental yields.
That is according to David Whittaker, managing director at Mortgages for Business, who has suggested that some investors are taking a cautious approach.
He said: “You have some [landlords] that are positive and are moving forward and you have some that are holding back to see what happens in the world at large.”
Mr Whittaker suggested that it is becoming increasingly easy for landlords who are willing to invest to secure finance for buy to let mortgages.
There are now 23 lenders offering just over 500 products, he said, which may appeal to investors who could also choose to protect their property with landlords insurance.
His comments come in light of research by Paragon Mortgages, which revealed that intermediaries reported a 3.1 per cent rise in buy to let business in the third quarter of 2011.
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