View more on these topics

Buy-to-let sector remains strong, says MEX

Latest research from buy-to-let lender Mortgage Express reveals the sector remains strong and that landlords are positive about its future.

The Buy-to-Let Confidence Survey from 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.

The survey also shows that 81% of landlords state say demand for rental property is either increasing or staying the same – up 3% from last quarter.

91% report that rent levels have either increased or stayed the same over the last six months. 73% of respondents experienced no voids over the past six 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.

The 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.”

Recommended

FSA rules have not achieved sustainable housing market

Regulation by the Financial Services Authority has resulted in a zero contribution to a sustainable housing market, and if anything has worked against it, says Halifax. Speaking in Monte Carlo, Alan Cleary, director of Halifax Intermediaries, told delegates that individual government policies could only be seen as successful if judged in their own terms. Indeed, […]

Consumers not happy with financial advertising

Consumers are not happy with advertising highlighting lower interest rates says the later Moneyfacts.co.uk online user survey.55% of consumers who took part in the survey say they feel they have been misled by an advert offering a headline grabbing interest rate. 16% of consumers have made an official complaint about a financial services company and […]

Regency celebrates 10 years of trading

Bournemouth-based Regency Mortgage Corporation is celebrating as it reaches the major milestone of a decade in business.Its ten years of trading was marked, amongst other things, with a gala dinner attended by key figures from the mortgage industry.Regency, a leading mortgage intermediary in the sub-prime market, especially council house Right to Buy and remortgages, provides […]

Praxis hires head of sales

Praxis has rehired Dudley Aldous to head its internal sales team. Aldous joins Praxis from Solent Mortgages and will be responsible for managing the team of new business consultants. He says: “I am pleased to be back at Praxis for a number of reasons. Praxis continues to be one leading UK packagers and it is […]

Newsletter

News and expert analysis straight to your inbox

Sign up