Demand for rented properties is continuing to grow, as more and more people struggle to to get their foot on the property ladder and turn to renting as their only other option. But it could also be down to the surge of temporary and contracted jobs, as more members of the public do not wish to be tied down to one house in one area, for fear of changes in their work situation.
Jackie Bennett, the Council of Mortgage Lenders head of policy said:
“Growth is also being helped by improved conditions in funding markets and more widespread availability of mortgages. These conditions are creating more opportunities for landlords to re-mortgage, as well as helping to fund increased activity in the mortgage market more generally.”
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