Bradford & Bingley reveals landlords feeling confident about buy-to-let

06 May 2005
The latest quarterly buy-to-let survey from Mortgage Express, the specialist lending arm of Bradford & Bingley, has revealed that landlords are feeling confident about their property.

According to the survey, 39 per cent of buy-to-let investors plan to expand their property portfolios within the next six months - a significant increase on the 33 per cent who said the same thing last year.

The overwhelming majority also feel positive about their rental yields - 96 per cent told Mortgage Express they expected their rent levels to remain the same or increase between now and October.

In addition, three-quarters of the landlords interviewed said they had not experienced any rental void periods over the last year, whilst 83 per cent had seen void periods lasting only up to a month.

"Our survey reveals that landlords' confidence in the buy-to-let market remains strong," said Andrew Moss, product development manager for Mortgage Express.

"Low void periods, consistent demand for rental properties and the belief that rent levels will stay the same or will increase has meant many are now planning to expand their portfolios within the next few months."

Whilst the majority of buy-to-let landlords are male according to Mortgage Express (65 per cent), the survey also reveals a promising increase in the number of female investors, rising to 35 per cent from 23 per cent in the previous quarter.

Click here to find out more about buy-to-let mortgages.

track© DeHavilland Information Services plc