For many people being able to buy their own property is an impossible dream at the moment, and this is because there are still so many restrictions within the mortgage industry and things are really difficult for those looking to get onto the property ladder. Increased deposit demands, more stringent lending regulations, and the increased caution being exercised by lenders is leaving many would be buyers out in the cold.

For many of those that are unable to buy a property due to these restrictions the only way that they can put a roof over their heads is through renting. The waiting lists for council properties and registered social landlords can be very lengthy, and for this reason many people are opting to rent within the private sector.

This increase in the number of people looking for properties within the private sector has impacted on buy to let mortgages and properties, with the number of landlords investing in buy to let property having increased in order to meet the rising demand of consumers that want to rent in this sector. Figures show that 10 percent of landlords said that they would invest in buy to let property in the first quarter of the year, but this increased to 12 percent for the second quarter of the year.

The data was released by the Paragon Group, which said: “Demand for property investment has remained strong during the recession and has improved since house prices stabilised. Landlords know that the long-term forecast for tenant demand is extremely healthy, with socio-economic and demographic changes leading to growth in the number of households calling the private rented sector home. Government figures show that the private rented sector is the only housing tenure that is currently growing.”