Positive outlook for UK buy-to-let market

9 Nov 2011

The latest CHL Mortgage Landlord Survey has confirmed a positive outlook in the UK buy-to-let market.

According to the survey, three out of four respondents are confident about the future of the rental market.

The figure is slightly higher than it was in summer and closer to the two-out-of-four figure in 2010.

Nearly 50 percent of the landlords polled claimed that the current demand for buy-to-let has improved from six months ago.

“The research reveals that buy-to-let landlords are increasingly bullish about the state of the sector and their place in it,” said Bob Young, Director at CHL Mortgages.

He added that more landlords are looking to purchase new properties if they can find available financing and meet the higher deposits required by lenders.

“This positivity is clearly fuelled by a growing demand for private rental properties from tenants and a significant improvement in the rental yields available,” he said.

“Rental income levels are improving as witnessed by the large number (88 percent) who now say they can cover all related outgoings with the rental payment. This figure has never been higher since we started the Landlord Survey.”

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