Landlords confident for year ahead - Buy To Let - News - Moneyfacts

News

Landlords confident for year ahead

Landlords confident for year ahead

Category: Buy To Let

Updated: 13/01/2014
First Published: 13/01/2014

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Confidence among landlords remains at a record high, with research from Paragon Mortgages finding that 33% expect the value of their portfolios to increase in 2014 while over a fifth plan to buy more buy-to-let (BTL) property over the next few months.

In fact, 38% of those surveyed were feeling optimistic about the prospects of their portfolios and resulting performance, building on the second half of 2013 when landlords' optimism was at the highest level ever recorded.

Meanwhile, a further survey has revealed that it isn't just UK landlords that are feeling optimistic – over the last 12 months the number of foreign landlords renting out UK property has jumped by 6%, surpassing the 2 million mark, further indicating growing optimism in the UK BTL sector.

The figures come from a report released by chartered accountants UHY Hacker Young, which also found that the number of foreign landlords has risen by 39% over the last five years alone.

Property in London and the South East is particularly sought-after for BTL landlords while increased investment in new build properties has boosted the supply of quality homes available in the rental market, no doubt further boosting confidence in the sector.

While the number of overseas landlords could start to dwindle when the Government's plans to charge capital gains tax on foreign investors' properties come into force, 2014 is still looking to be a good year for the BTL sector as a whole.

What Next?

If you want to get in on the action and build your portfolio, make sure to use our handy comparison tool to find the best BTL mortgage for your needs and make the most of growing demand for rental properties.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Number of parent landlords on the rise

The cost of renting is on the rise, but would it cheaper if you were renting from your own parents? Many children of property moguls will hope so, and with the number of parent landlords on the rise, it’s something more and more could benefit from.

Landlords: BTL mortgage rates are still falling!

The cut to base rate has had a welcome impact on mortgage rates, and it isn’t only residential borrowers who are benefiting: buy-to-let (BTL) investors are continuing to enjoy a fall in rates, particularly those looking for a longer-term deal.

Landlords – are you embarrassed about being one?

Becoming a landlord is often touted as a way to secure valuable income and build a nest egg for the future, yet once that dream has been realised, many property moguls are actually embarrassed to admit their vocation.
 
Close