7 Jan

Buy to let landlords staying optimistic

Buy to let landlords staying optimistic

Confidence remains high among buy to let landlords despite gloomy predictions for the UK housing market, it has been revealed.

A new poll conducted by the Association of Residential Letting Agents (Arla) found that nine out of ten had no intention of selling their properties over the next twenty years.

In fact, 40 per cent said they were intending to make further purchases to increase the size of their property portfolios this year.

Ian Potter, head of operations at Arla, said the survey's findings provided a welcome balm for buy to let sector.

He commented: "This is good news for the whole of the private rented sector and for the housing market, particularly as it comes from surveys carried out well after the credit crunch had begun to bite.

"The rental sector is the lynchpin for all our housing requirements and needs continual investment from private individuals as it still suffers from a lack of investment from the institutions."

The results of the study come after research from Moneyfacts found that buy to let mortgage providers had responded to fears over the viability of the products by cutting the number of products they offered from over 2,200 in July to 1,724 as of last month.


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