Latest research from a leading buy-to-let lender reveals the sector remains strong and that landlords are positive about its future.
The latest Buy-to-Let Confidence Survey from Mortgage Express, the specialist lending arm of Bradford & Bingley, claims that 87% of its respondents are planning to either extend or maintain their portfolio over the next six months.
Other key findings of this survey include that 81% of landlords state that demand for rental property is either increasing or staying the same and is up 3% from last quarter. 91% report that rent levels had either increased or stayed the same over the last six months. 73% of respondents experienced no voids over the past 6 months, up from 71% last quarter. Of those that did have void periods, 35% reported them to be four weeks or less. 87% of customers expect void periods over the next six months to either decrease or stay the same
Mortgage Express survey also revealed the most popular areas for investing in buy-to-let remains the South, 58%, followed by the increasingly popular Wales and the Midlands, 26%, and Scotland and the North, 21%.
Andrew Moss, product development manager for Mortgage Express, says: Its encouraging to note that our borrowers believe that demand for rental properties remains strong. This point is reflected in our own economic analysis which shows increased demand for buy-to-let loans in general.
Recently lower interest rates have also helped boost the sector. Looking ahead to 2006, the A-Day pension changes should also further help strengthen the market even further.