View more on these topics

Landlord confidence returning, says BM Solutions

Home-Houses-Different-Mortgage-Rent-700.jpg

Landlord confidence recovered in the first quarter of 2017 from Q4 2016, despite the proportion wanting to grow their portfolio dropping to a new all-time low, according to BM Solutions.

South East landlords are most optimistic about the prospects of their own letting business, with 47 per cent  feeling ‘good’ or ‘very good’ about its prospects.

They are followed by South West landlords at 44 per cent. 

Scotland and Wales are the least optimistic, with just over a quarter of landlords feeling positive (26 per cent).

The proportion of landlords looking to expand their portfolio has fallen to an all-time low of 13 per cent.

The latest survey has found that the average portfolio currently has risen slightly to 8.1 properties, up from 7.1 properties in Q4 2016.

Tenant demand continues to soften during quarter one, with 17 per cent of landlords reporting a decline.

This is driven primarily by central and outer London, but also the North East.

In central London almost twice as many landlords are now reporting a cooling in tenant demand compared to those reporting an increase.

BM Solutions head Phil Rickards says: “Despite signs of landlord confidence stabilising this quarter, fewer landlords are feeling optimistic about the prospects for their own businesses.

“This has driven down the number of those looking to expand their portfolio further to a new all-time low despite the average portfolio creeping up slightly.

“The impact of the tax changes has a natural link to landlord confidence, as the market landscape continues to be reshaped by changes in regulation.

 

 

Recommended

Buy-to-Let Watch: Help landlords to get real

Failing to get to grips with the new BTL landscape because they still deem it unfair will harm landlords in the long run If you want to be a success in any walk of life, you need to be able to take responsibility. You must be able to recognise where you can take control or […]

Bad brokers are harming landlords, says The Mortgage Broker

Buy-to-let landlords may get poor deals or be locked into high standard variable rates due to fraudulent or bad mortgage broking, according to The Mortgage Broker. The firm has hit out at “unprofessional” and “lazy” brokers that do not source their clients the best deal. The Mortgage Broker says that some brokers can be outright […]

Landlords won’t ‘follow the dodo’ yet: Countrywide’s Morris

Climate, predators and sustainability are factors landlords face but talk of them going the way of the dodo is premature Any nature programme will show you just how far animals have had to evolve over the years to survive and prosper. Climate, predators and sustainability are all factors that can inhibit the future of any […]

An open door for scammers?

Recent reports highlight that the Work and Pensions Select Committee of MPs are concerned about the potential for scams following the introduction of Pension Freedoms this year. This is a subject that we have already featured several times on the Jelf Blog, and one that we think is really important for employers (and of course […]