Landlords increasingly positive over future of buy-to-let
Posted by Gary Winter
There could be an increase in the number of buy-to-let investors looking for property management services as the private-rented sector continues to flourish.
According to figures from lender CHL Mortgages, there has been an increase in positive sentiment over the future of the buy-to-let industry.
A survey conducted by the company found that 72 per cent of landlords said they were positive about the future of buy-to-let, up from a figure of 67 per cent in summer 2011 and 64 per cent 12 months prior to that, reports myintroducer.com.
This is having an impact on the number of people looking to invest in new buy-to-let properties, which in turn could lead to a rise in demand for lettings agents UK services.
Indeed, the survey revealed that 35 per cent of respondents planned to make further property acquisitions over the next 12 months, up from 33 per cent in the summer.
"The research reveals that buy-to-let landlords are increasingly bullish about the state of the sector and their place in it," said Bob Young, managing director at CHL Mortgages.
"More landlords are looking to acquire new properties if they can square the circle of finding available finance and meeting the higher deposits that are required by lenders.
"This positivity is clearly fuelled by a growing demand for private rental properties from tenants and a significant improvement in the rental yields available."
CHL's poll also found that 47 per cent of landlords say that tenant demand is now higher than it was six months ago, up from 43 per cent in the summer of 2011, with 88 per cent now saying the rental income they receive is sufficient to cover their mortgage payments, management and maintenance fees.
"All in all, it is possible to see from our results why the expectation is for a growing buy-to-let market in the short-term and beyond," added Mr Young.
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