Landlords show confidence in UK buy-to-let market
Landlords in the UK are feeling confident about the state of the buy-to-let market, according to CHL Mortgages.
A survey by the specialist mortgage lender found that 81% of landlords feel optimistic about the market's future now that it has lost its 'get rich quick' image.
Over half said that they would be keeping their existing portfolios this year rather than buying or selling property and 38% said they would be investing in new properties sometime this year.
Bob Young, managing director of CHL Mortgages, said: "Our first quarterly survey of CHL landlord customers seems to show growing confidence in the buy-to-let sector and an overwhelming feeling that the market pain we have all felt over the last couple of years is starting to subside."
He added that the sector is now 'dominated by professional landlords again'.
Figures from the property website Zoopla.co.uk suggest that confidence in the UK property market as a whole has returned to pre-credit crunch levels. A total of 81% of people now expect prices in rise in the next 12 months compared to just 20% who were optimistic in 2009.
Visit our off-plan property UK page.
< Back to latest news