Landlords still confident in buy-to-let

Nia Williams

April 9, 2010

This is according to Upad.co.uk’s latest Rental Confidence Index. This result is unchanged from the same poll conducted the previous month.

Survey respondents who left comments reflected a generally positive outlook, but stressed continuing problems with legislative changes and issues around benefit payments. Comments from those who said they felt more confident than last month included:

  • Rents are starting to rise. The new supply of rental properties will stay low until lenders start lending again.
  • I had a tenant for my rental property after just one week. Interest was keen with renters prepared to pay more than the advertised rent to secure the property.

Comments from the 39% saying they felt less confident in the market included:

  • Landlords have no rights. Changes to housing benefit payments have meant tenants not forwarding the payments to the landlord.
  • I neither like the proposed legislation, nor the old legislation on securities.

Upad’s founder and CEO James Davis commented: “For the fifth consecutive month since we launched the Landlord Confidence Index, landlords have expressed their renewed confidence in the rental market. We had expected a shaky month, due to the implementation of regulatory changes, the Budget and uncertainties over the General Election, but these results show that for landlords who are prepared to treat buy-to-let professionally as a business, the market remains buoyant.”

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