One in four buy-to-let investors plan to keep their properties for more than 15 years, says Mortgage Trust
The findings indicate that new buy-to-let investors are putting their money into property because they are confident of the long-term rewards.
Three quarters of landlords expect to hold on to their property for more than five years, while 25% plan to keep their investments for more than 15 years.
Recent high tenant demand has been pushing up rents, which have seen a 6.9% increase over the last three months, resulting in higher yields.
On average, respondents expected their portfolio to increase by a factor of three over the next 10 years, indicating that they are confident that they will generate attractive rental incomes that can be re-invested in their portfolio for the longer term.
John Heron, managing director of Paragon, says: There is continuing confidence in prospective house price growth and the rewards that can be achieved from capital gain on a property, as well as the rents achievable in the shorter term.
“All in all, the total returns achievable on a buy-to-let portfolio are an attractive prospect for investors.