31 Dec

New year optimism high among buy-to-let landlords

New year optimism high among buy-to-let landlords

Optimism is high among UK buy-to-let landlords with a fifth planning to acquire new property as early as the first quarter of 2014 ,according to the latest figures released by Paragon Mortgages.

Some 33 per cent of those who participated in the buy-to-let lenders survey stated that they were expecting to see a rise in the net value of their portfolios.

The survey, which consisted of 200 landlords, also showed that 38 per cent felt optimistic about their portfolios moving forward into the new year. 

John Heron, director of mortgages at the firm, said: “2013 has been a good year for buy to let and landlords certainly seem to be more active in the market. We have seen a steady increase in the levels of optimism among our landlord customers, and this looks set to stay in the New Year.

“We expect buy-to-let lending market wide in 2013 to be in the region of £20 billion and whilst this would represent a material level of growth over 2012 we should keep things in perspective,’ he explained,” he added.

Optimism levels remain at a record high due to the positive state of the property market in 2013.ADNFCR-1222-ID-801677472-ADNFCR

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