Confidence remains high
12/12/2006 - Buy to lets look positive for 2007
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The lender Mortgage Express, part of Bradford and Bingley, has released the results of research involving more than 3,600 landlords. The good news is that landlords remain positive about the future and a large majority are getting ready to gear up further during the next 12 months. Over 90 per cent said they plan to hang on to their properties if not increase their portfolios. This figure is up by 9 per cent on the year before. In 55 per cent of cases the landlord planned on increasing their property numbers and only 3 per cent planned on selling up.
The research carried out by GfK NOP, shows that around two thirds see the price as being key to making a purchase and 35 per cent said that location and the condition of the property where also the most important factor to consider when searching for a suitable investment. Only 8 per cent questioned said they were professional full time landlords and 69 per cent said they owned less than five properties.
