The buy-to-let sector is likely to remain dominated by professional landlords, a new study has concluded.

According to Paragon Mortgages, the proportion of landlords that applied to extend their portfolio went up during the third quarter of the year.

This coincided with a drop in the number of people entering the buy-to-let sector for the first time.

Indeed, the amount dropped to the lowest level recorded during the seven-year history of this survey.

Commenting on the findings, John Heron of Paragon Mortgages, said this is a positive development when the current financial climate is taken into consideration.

He commented: "Landlords with experience of the private rented sector are well positioned to take advantage of current conditions, particularly with rising levels of current demand."

Mr Heron added that landlords could also be in a good position to snap up bargain properties.

According to figures from Halifax, house prices dropped by 2.2. per cent last month.

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