According to the Moneyfacts magazine September issue, through research made by Paragon Mortgages Yorkshire and Humberside in the second quarter of 2012, reached the top of the rental yield table. Averaging at 6.8%, closely followed by Wales at 6.7% with third place being taken by the south west at just 6.2%.

Although lower down the table, other eastern region landlords saw a slight drop with the North East coming in at 6.1%, alongside the East of England reaching only 5.7%.

Professional landlords owning twenty properties or more achieved higher with an average yield of 7% in comparison to 6.2% accomplished by all landlords in the second quarter.

Managing Director of Paragon Mortgages, John Heron concluded with positive news, that an average yield of 5% to 7% is healthy and an indication that portfolios are performing successfully.

Research from buy-to-let mortgage specialist Paragon has revealed a surge in the proportion of landlords planning to purchase family-focused housing.

Paragon, one of the largest providers of specialist Buy to Let in the market place serving professional landlords, has found that a significant proportion of landlords are letting to families and this looks set to increase during the coming months.

Of those landlords planning to purchase during the quarter, 41% (up from 28% in Q2) are looking to invest in semi-detached houses and 22% (up from 9% in Q2) are looking to buy a detached property. (Private Rented Sector Trends Q2 Report – 202 Landlords surveyed)

Nigel Terrington, Paragon Group Chief Executive, said: “It is interesting to see more families relying on the Private Rented Sector, and this is certainly a trend which I expect to stay.

“Young couples and single person households will continue to account for a large proportion of the Private Rented Sector, but I think over the next few years we will see more families making use of the flexibility and affordable accommodation that the PRS provides.

“With a rising UK population, which is set to grow from 62.3 million today to 65 million in 2016, landlords need to react quickly to a changing tenant demographic as otherwise demand will most certainly exceed supply quite considerably.”

For further information on Paragon Mortgages or The Mortgage Trust please contact Rich, Chris or Ella on 01482 638300.

Mortgage Trust has today launched eighteen highly competitive, buy to let fixed and tracker rate products.  The rates start at 3.69% tracker and 4.29% fixed with a choice of product fees ranging from 2.5%, 1.0% or a flat fee of £1,495.  The products have a range of loan to values 65%, 70% and 75% and are available for purchase and remortgage applications.

For further information please contact Rich, Chris or Luci on 01482 638300.

Paragon are considered a move to acquire Northern Rock, or some of its mortgage portfolio, according to reports in The Telegraph today.