Landlords' confidence 'reflected in portfolio valuations'

Posted: 25 May 2010 12:48:28 GMT

Landlords' property portfolios have risen in value for the second consecutive quarter, according to research.

Paragon Mortgages found that the average value of a landlord's investment has increased by more than six per cent to £1.52 million.

John Heron, managing director of the company, believes landlords are more confident their portfolios will improve.

He said: "House prices have been rising since the middle of last year and we know that landlords have taken advantage of a more fluid housing market to add properties to their portfolios."

It is the first time in two years that the value of landlords' portfolios has gone up in two consecutive quarters.

Mr Heron added access to mortgage finance is still a key element to determining house price movement, although there are a number of other areas which have an impact.

Paragon Mortgages, a FTSE-listed company, has more than 14 years experience in the private rented sector and provides ten per cent of the mortgages in this market.


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