Buy-to-let landlords are prepared to commit to their properties over the long term, the latest research from Mortgage Trust shows, as three in four affirmed they expected to hold onto their properties for more than five years.
As many as 26 per cent, meanwhile, said they still expected to be letting their current properties in 15 years' time.
"New landlords are continuing to invest in rental property and the expectation of landlords is that they will hold on to their initial investments for quite a significant time period," Mortgage Trust's managing director, John Heron, commented.
Although commentators have voiced concerns that rising house prices will dampen buy-to-let profitability in the short term, rising tenant demand has driven the average rental income up by 6.9 per cent over the last three months, Mortgage Trust statistics show.
"The key thing to remember is that buy-to-let is a long term investment," Simon Zutshi, founder of Property Investors Network, commented last week.
"You should not get into property investment looking for a short-term gain," he added.To learn more about buy-to-let mortgages, click here.
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