Half of UK landlords looking to expand portfolio in 2013

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Landlords in the UK could be set for a profitable 2013 as new research suggests that many are looking to expand their portfolio over the coming year.

A survey by Mortgages for Business found that 55 per cent of those leasing property around the country are looking to boost the number of houses they own in the next 12 months.

It follows on from recent research in the Tenant Arrears Tracker by Templeton LPA which showed that the amount of people renting with severe arrears had fallen by 15.6 per cent in the final quarter of 2012.

Both of these developments mean that landlords could be looking forward to a positive 2013 as the market steadily improves.

David Whittaker, managing director at Mortgages for Business, said: “The first half of 2013 will see a spate of purchasing and remortgaging as landlords try to put themselves in a position to take full advantage of a buy to let sector which is in very good health.”

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8th January 2013