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Buy to let landlords could be set to buy up an increasing number of properties over the next 12 months, according to new figures released.

The Mortgage Works, a subsidiary of Nationwide Building Society recently released figues which found that almost 50 per cent of “professional investors” expect to purchase two or more properties over the next year.

The Sunday Herald stated that 65 per cent of brokers are predicting that demand for rental properties will rise over the next six months.

Brian Adair, executive chairman of Ryden Lettings, told the newspaper the interest from renters is “particularly acute” towards the lower end of the market.

“There is strong tenant demand for properties between £400 and £700 a month, mainly from would-be first-time buyers who cannot get a mortgage,” he added.