New research from the Royal Institution of Chartered Surveyors has found that landlords are increasingly interested in buying property to let.

In the three months to September, there was a two per cent increase in the number of surveyors who reported a rise - rather than a fall - in demand for buy-to-let property.

Meanwhile, five per cent more surveyors indicated that demand for buy-to-let houses had increased during the three-month period, compared to those who registered a decline in such interest.

Flats were not a popular investment among private landlords, however, with 15 per cent more surveyors reporting a drop rather than growth in demand for this type of residence.

Lee Grandin, director of broker Landlord Mortgages, claimed that this finding was perhaps due to lenders restricting lending on new-build flats.

He said that flats can be "very good let-able units"because of their position at the lower end of the market.

Written by Mark Garner
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