According to research, more than 19 in every 20 BTL landlords believed their rents would not decline over the next six months. As a result of this positivity, it was reported that the majority of BTL landlords were not planning to move away from the sector in the future due to the money they continue to earn and the possibility of expanding their portfolio.
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The research also showed that 88 per cent of landlords were planning to acquire new properties, or hold on to what they currently own.
Andy Wiggans, director of mortgages at Bradford and Bingley, said: “Our research findings, based on nearly 5,000 landlords, reveal that confidence in the BTL market remains high and there is very little concern over availability of tenants or rental yields.”
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Paul Hunt, head of marketing at Platform, said: “In a market where underlying capital prices continue to rise, albeit slower now than in recent years, it is fair to surmise that we will see a growing demand for rental properties and no shortage of willing investors. Having said this, when considering the current rising interest rate market, in the short term, I can see rental yields stabilising with landlords experiencing only moderate growth over the coming six months.
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“However, accepting the fact that the majority of landlords regard BTL as a long term investment and considering the current competition within the sector, the market certainly has strong potential for the future.”
