Mortgage Express releases quarterly buy-to-let confidence report

Amanda Jarvis

November 3, 2004

Mortgage Express has released the results from its Quarterly Buy-to-Let Confidence Report.

– Market remains stable
– 77% of respondents experienced no void periods

The report provides an authoritative insight into the sector by canvassing respondents on key buy-to-let issues.

Key findings for the third quarter of 2004 are:

– 45% of respondents believe that demand for rental property has remained constant and 36% believe demand was increasing.

– 77% of respondents had not experienced any void periods in their properties over the past six months. 45% of respondents said that they had experienced no void periods in the past 12 months. Of those respondents that had experienced voids in the last year, only 13% had voids lasting longer than one month.

– 84% of respondents said that they had not experienced any rent arrears in their properties over the past six months.

– 60% of respondents said that rent levels had remained constant over the past six months, and 67% said they believe they would continue to do so over the next six months.

Looking forward, 52% of respondents said they plan on keeping their portfolio at its current level, while 36% are planning on increasing it.

Roger Hillier, product development manager at Mortgage Express, says: ‘‘Although the rate of growth has slowed slightly, key indicators such as rent levels, arrears and void periods remain positive’’.

‘‘With 77% of respondents saying that they had no void periods in the past six months, and 88% saying they believe voids will remain at their current level or decrease, there is further evidence that we can be confident about the outlook for buy-to-let’’ Hillier added.

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