Landlords looking to corporate tenants more and more

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Buy-to-let landlords are increasingly looking to corporate tenants when renting their properties, new figures indicate.

A study by the Mortgage Trust found that more than a quarter (27 per cent) of landlords target corporate tenants, up from just 14.4 per cent at the beginning of this year.

This reflects the potential financial returns for those letting to corporate tenants, with lettings often arranged to span lengthy periods. As well as this, the businesses in question are less likely to default than householders.

John Heron, managing director of the Mortgage Trust, said: "Corporate tenants offer landlords stability and they also tend to pay above average rents because they demand high quality properties and want the right locations for their employees.

"This market is going from strength to strength as more businesses turn to the private rented sector to house employees that may have to work on a short-term contract away from home or from another country. It's a cost effective alternative to these companies actually owning property."

Other findings from the survey include the fact that more than half (52 per cent)of landlords still target couples.

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