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Landlord confidence hits 18 month high: BM Solutions

Research from BM Solutions shows that landlords’ confidence in their own letting business is up 8 per cent year-on-year – an 18-month high.

Meanwhile, despite the average rental yield hitting 6.2 per cent – the highest since Q4 2014, confidence in yields dipped by 3 per cent in Q2, an annual change of zero.

All other financial indicators that landlords were asked about registered annual positive change. These were: UK financial markets (up 3 per cent), capital gains (also up 3 per cent) and the private rental sector (where confidence increased by 2 per cent).

The report also tracks sentiment for the next 12 months on a regional basis. The pattern of London falling behind other parts of the country noticed elsewhere, such as in Hometrack’s June city index repeats: landlords in the East Midlands and North East are most likely to expand their portfolios, whereas those in Central London and the South East are recorded as being the least likely to do this.

HM Solutions head Phil Rickards says: “It is encouraging to see that confidence across all of the key indicators has either increased or stayed the same on a 12-monthly basis and is particularly strong when landlords are considering their own lettings business.

“It’s a promising sign for landlords that rental yields are on the increase and are recovering some of the ground they have lost in recent years,” he adds.

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