Rental market is stabilising

Its comments come following a report from internet comparison site moneysupermarket.com, which details that the level of buy-to-let mortgage enquiries increased 50% from their levels in August 2008.

Graham Kinnear, managing director at Landlord Assist, said: "Prices have fallen over the last two years and appear to have now stabilised. This is providing landlords with improved rental yields, and the restrictive supply of property for sale is meaning that estate agents are now reporting multiple offers on some of their stock.

"In addition consumer confidence has improved where a small minority feel that prices may fall further and thus the plateau that property investors were waiting for has probably arrived.

“This in conjunction with the nation's desire to own property, the fact that property is historically a good hedge against inflation and the fact that many are looking at an alternative to their pension for retirement income, means the likelihood of a buy-to-let resurgence is high."