17 Aug

EU exit dismissed by buy-to-let investors

EU exit dismissed by buy-to-let investors

The vote to leave the European Union does not appear to have undermined buy-to-let property investment in the UK.

A survey conducted by Shawbrook Bank shows many property professionals remain confident about the long-term future of the UK’s buy-to-let financial market and the Brexit decision has not impacted on their investment plans.

The research found 57 per cent of property investors are feeling very confident or fairly confident about the lending environment over the next six months, compared to 59 per cent in January 2016.

There has also been a slight increase in those looking to expand their property portfolio, with 58 per cent of investors looking to purchase a new buy-to-let property in the next 12 months, compared to 56 per cent at the start of the year.

Stephen Johnson, deputy chief executive officer and managing director of property finance at Shawbrook Bank, explained the long-term impact of the decision to leave the EU could have some impact, but many investors are hoping it will provide opportunities to increase their returns.

“While the aftermath of Brexit provides uncertainty for landlords, with many waiting to see the impact on house prices, tenant demand and housing supply there is also opportunity, with investors potentially benefiting from this pricing drop to secure property more cheaply,” explained Mr Johnson.

He added: “Whilst the full effects of the referendum result remain to be seen, it is clear those who have confidence in their business model and a sensible level of gearing are best placed to prosper through any period of uncertainty.”ADNFCR-1222-ID-801823705-ADNFCR

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