New data produced from Sequence’s 300 branches shows the continuing strength of the buy to let market.

The group says the number of new tenancies agreed across the UK has risen 15 per cent in the year to the end of January, with London predictably outperforming the average with a rise in new tenancies of 17 per cent.

Buy to let mortgage applications - monitored by Sequence’s mortgage service - shows a 17 per cent rise.

“This comes in spite of the retraction of Funding for Lending to the mortgage sector and highlights just how strong this market is. The pipeline of new investors we’re seeing will continue the flow of properties onto the market and appease the demand, which should in turn, keep rents stable” says Sequence’s head of lettings Stephen Nation.