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.”