Buy-to-let landlords’ confidence remains high
Bradford & Bingley, buy-to-let lender, has unveiled what is believed to be the largest and most authoritative landlord survey in the country with nearly 5,000 respondents.Key findings reveal that confidence remains high among the vast majority of landlords:
96% of landlords expect rent levels across their portfolios to either increase or stay the same over the next six months.
88% of landlords are planning to either increase their property portfolios in the next six months or keep them the same.
Low rental yields and/or availability of tenants are not concerns for the vast majority of landlords. Only 4% cite these as a worry.
Andy Wiggans, Bradford & Bingley’s director of mortgages, said: "Our research findings, based on nearly 5,000 landlords, reveal that confidence in the buy-to-let market remains high and there is very little concern over availability of tenants or rental yields. Indeed over half of landlords (51%) are looking to increase their portfolios over the next six months.
Many of our landlords have been in the market for a long time, with half investing in property for more than five years. Significantly, even those who have been landlords for under four years believe the sector remains strong, with many planning on expanding their portfolios."