April 13, 2024

Three quarters of BTL landlords confident about property market

Almost three quarters (74 per cent) of buy-to-let landlords feel confident about the performance of the property market over the next 12 months, research from The Mortgage Lender has revealed.

The research found that confidence in the market’s future peaked for those landlords that predominantly owned homes of multiple occupancy (86 per cent).

This was ahead of student accommodation landlords (84 per cent) and portfolio landlords with more than five properties (82 per cent).

TML head of key accounts and specialist distribution, Chris Kirby, commented that, given the pivotal role that the BTL industry plays in supporting the residential market, it’s “encouraging” to see the levels of confidence.

“Despite the fact that many landlords are facing higher operating costs, and additional to the inflationary pressures that are impacting everyone, the continued supply of good quality, well maintained rental properties is a must,” he added.

“For landlords who are looking to expand their existing portfolio, or remortgage their properties, it’s important to seek broker advice to ensure they are accessing the best possible opportunities in the coming year.”

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