Landlords 'confident' about future of buy-to-let

22-Jan-2007

Potentially offering reassurance to first time buyers looking to invest, a majority of landlords are confident about the future of the buy-to-let market, research suggests.

According to a study by BDRC for Alliance & Leicester, 53 per cent of landlords expect to stay in the buy-to-let market for around ten years, with a further 29 per cent stating that they will stay in the market indefinitely, potentially giving first time buyers the confidence to invest.

Should interest rates rise further over the coming months, nearly 40 per cent of investors stated their intention to raise rents, while 32 per cent plan not to react.

To find out how to get onto the property ladder by buying to let in a different location click here.

"This upbeat view of the buy-to-let market from those at the coal face is encouraging," said Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester.

"[The] landlord's love affair with the buy-to-let market is not without justification and it comes as no surprise that four in ten … expect to buy further letting property in 2007," he added.

Within the buy-to-let investment market, one in four investors use their rental income as their primary source of revenue, the survey also found.

Alliance & Leicester is a provider of financial services, offering a range of products, including mortgages and credit cards.

2008: May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar