Research shows landlords confidence growing

Landlord Expert
By Landlord Expert July 14, 2010 13:35

Research carried out by rental website Upad suggests that a clear majority of residential landlords are positive about the buy-to-let sector’s prospects in the near future. Upad found that 60% of all landlords have a higher degree of confidence in their own success and that of the sector this month than they did in early June. Several of those who responded to Upad’s survey noted that the higher number of tenants with stable financial backgrounds and well-paying jobs were the key factors behind their increased confidence. Some landlords also added that that there is a greater number of middle-aged tenants looking to rent, while others found that the length of void periods has decreased over the past three months.

Many respondents found that having a quality property in a convenient location often attracted top tenants very quickly, and reduced periods of vacancy. Some landlords did, however, express consternation about the near future, though most of the worries were not directly related to the buy-to-let sector, but rather the possibility of a broader, double-dip recession in the UK.

The editor of real estate advice website Property Hawk also added that stability characterizes the private rental sector and that financing options have become relatively affordable. Chris Horne, Property Hawk’s editor and buy-to-let specialist, added that interest rates are almost certain to remain at historic lows until at least the end of the year. In fact, Britain’s Council of Mortgage Lenders confirmed that today’s buyers enjoy some of the lowest lending rates in more than three decades.

Landlord Expert
By Landlord Expert July 14, 2010 13:35

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