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Buy-to-let news
Buy-to-let market expanding
Confidence among buy-to-let landlords increased during the three months to September last year, a new survey reveals.
Research by a leading mortgage lender found that 81 per cent of landlords witnessed higher or stabilising demand for rental property over the quarter, three per cent higher than the previous three months, while 87 per cent of respondents plan to extend or maintain their portfolio over the next six months.
The study also found that rents rose over the period, with the South continuing as the most popular area for buy-to-let investment, at 58 per cent.
Almost three-quarters (73 per cent) of those quizzed said they experienced no voids over the six months to September, up from 71 per cent the previous quarter, while of those reporting void periods, 35 per cent said they had been four weeks or less.
A spokesman from the mortgage lender commented: "It's 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."
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