The high demand from renters is expected to be the continued trend for 2013 just as it was last year.  Landlords are benefitting from the tight lending practices that are keeping first time buyers absent from the housing market.  With few able to purchase a home the demand has grown for adequate rental properties.

To meet the high demand of renters, landlords have been turning to buy-to-let remortgages to help fund additional properties to be added to their portfolios.  While demand from homeowners has been unexpectedly dormant the demand for remortgages from landlords has not.  The lower interest rates and increase of products from lenders has helped keep the attention of landlords and has put additional property options on the market for renters.

The expectation from the housing market is that first time buyers will be returning to the property ladder in the first half of the year.  This is due to more available mortgage lending and loan to value levels reaching the 90% level allowing for lower deposits.  Despite the boost in first time buyers the demand level for rental property is expected to remain high as there will continue to be more renters looking for property than first time buyers shopping for property.

Lenders are offering buy-to-let remortgages at lower interest rates than what was available last year and landlords are benefitting from adjusted loan to value levels that are assisting in obtaining approvals.  With economic recovery expected to remain weak and consumer confidence low, rental demand will continue to be above that of available properties making landlords all the more anxious to add to their portfolios and take advantage of the opportunity.