A Paragon and Legal & General survey shows buy-to-let is the only growing form of tenure with both owner-occupation and social housing in decline for the past decade.
Private renting is expected to grow with net migration, growing numbers of single person households, people starting families later in life and the rising age of first-time buyers.
Department for Communities and Local Government figures show a 300,000 jump in households in the sector between 2009 and 2010, which is fuelling rental inflation.
Council of Mortgage Lender (CML) figures suggest the value of buy-to-let lending rose by 22% last year, despite the fact product numbers are 90% lower.
Ying Tan, managing director of broker, The Buy To Let Business, said during his latest recruitment drive, mainstream brokers have all shared in the BTL business uptick.
“Building strong relationships with clients and lenders is key to taking advantage of the market because accessing exclusive products, if you can get your hands on them, also give an edge,” said Tang.
