Over half – 52 per cent – of landlords who responded to Your Move’s Landlord Sentiment Survey reported that they were feeling positive about being a landlord in the current climate.
Meanwhile, 30 per cent felt “indifferent,” while 16 per cent were negative. 64 per cent of landlords asked said that they are unlikely to sell a property in the coming year.
This echoes a report that Paragon published yesterday, which revealed that 65 per cent of mortgage intermediaries expect buy to let business to be “stable” in the next 12 months.
This burst of positivity comes amid rumours of a further stamp duty rate increase and a recent report by Which? that recommended a reform of the deposit protection scheme, which landlord groups were quick to react to.
The Your Move survey also totted up the biggest and smallest worries for landlords in the near future. The main concerns are: ongoing maintenance and upkeep costs (83 per cent) and the potential to make long-term profit (80 per cent), while the matters of least concern were a tenant fee ban (43 per cent) and the impact of Brexit (32 per cent).
Your Move and Reeds Rains national lettings director Martyn Alderton comments: “Given the number of regulatory and tax changes in the buy to let market over the last few years, it wouldn’t be surprising if landlords felt some trepidation about the future. However, it’s great to see that the landlords we surveyed do, for the most part, remain positive about the future.”