Rental income rises
Rental income has increased for the third consecutive quarter, research by buy-to-let lender Paragon has revealed.
More than a third of landlords (34%) have increased rent levels across their property portfolio in quarter three, compared to 29% in quarter two.
Just over 10% of landlords said their rental income had increased by between 2% and 4%, while 13% of landlords increased rents above that level. Only 4% of the landlords surveyed for the quarterly report said they had experienced a decrease in their rental income.
On average the overall increase for all landlords was 1%.