Growing confidence for buy-to-let landlords

Landlord image UK buy-to-let landlords appear more optimistic about their futures following a recent survey, which showed that many are looking to build on their current property portfolios.

The survey, conducted by specialist lender CHL Mortgages, revealed that some 81% of the 359 respondents are feeling confident about the future of the buy-to-let market. 38% answered that they expect to buy further properties in the near future.

CHL Mortgages said that the latest results were encouraging, and that the growing demand for buy-to-let mortgages should translate into increased lending over the next 12 months.

The results also showed that 59% of landlords manage their own properties, which could suggest that there are more professional landlords operating in the UK again. Bob Young, Managing Director of CHL Mortgages, commented:

“[There is] an overwhelming feeling that the market pain we have all felt over the last couple of years is starting to subside. In essence, the survey reveals that buy-to-let has gone back to its roots and is now a sector dominated again by professional landlords rather than the type of borrower we saw in the boom years.”

Landlords received other good news earlier this week, after it was announced that the Department of Work and Pensions (DWP) would halve the amount of time residential landlords have to wait before claiming arrears from tenants.

11/01/2010 09:50:08 Comments 0

Name

Web site (for example www.mywebsite.com)

Comment

Back

Constructaquote.com is a trading title of Moorhouse Group Ltd which is authorised and regulated by the Financial Services Authority. The Financial Services Authority's Register can be accessed through http://www.fsa.gov.uk/Pages/register Reg No 308035.

Home |Sitemap | Accessibility | Terms & Conditions

Products & Services

Liability Insurance – This insurance can provide you with employer’s liability and product liability insurance. We offer a highly competitive standard package with optional extras.
Public Liability Insurance – Public liability is essential insurance for many businesses, especially those working closely with the public. We offer cover of £1m, £2m, £5m, or more on request. Only pay for what you need.
Employers liability insurance - If you have employees working for you, you are legally obliged to have employers liability insurance. We provide you with £10m of employers liability so you can rest assured you’re fully covered.
Shop Insurance – Retail insurance is a package of policies covering employer’s liability, public liability, business interruption and building insurance. Retail insurance is important for any business with premises. We offer a range of policies from top underwriters.
Professional Indemnity Insurance – This type of policy protects your business against claims for loss or damage if you are found to have been negligent in your duty. This is particularly important if your company imparts professional advice. Our policies cover businesses for a range of circumstances and are very competitive.
Restaurant Insurance – Our restaurant insurance packages can be tailored to your specific business needs. We provide you with a range of restaurant insurance options, from liability and business interruption insurance, to money and glass cover.