Paragon Group comments on CML buy-to-let figures

Nigel Terrington, Chief Executive Officer of Paragon Group commented on today’s CML buy-to-let figures: “The strong growth in the buy-to-let market and the excellent credit performance of buy-to-let loans are testament to the strength of demand for private rented property. Tenant demand is driving the market forward. Rising immigration, growing household numbers, expanding student population and the increasing tendency of young people to defer their first home purchase, all mean there is a need for greater flexibility in our housing stock. The private rented sector is ideally suited to meet that need.”