Landlords Positive Outlook

Landlords are increasingly positive about the buy-to-let market in the UK, according to an annual Private Rented Sector (PRS) Survey.

The data makes interesting reading for any pundit who has cast doubt on the future of Buy-To-Let in the UK, but it does show that landlords are prepared to shop around in order to keep cashflow positive.

72% of all respondent landlords were positive about the future of Buy-To-Let, (up from 67% 3 months ago and up from 64% last year)

The number of landlords who plan to buy more investment properties in the next 12 months has also increased, with 35% of landlords planning to make further property acquisitions, up from 33% in the summer of 2011.

However, 40% of landlords who are looking to purchase more property say they are constrained by a lack of available funding for new purchases and remortgage and 37% were put off by the high deposit requirements that come with buy-to-let mortgage products.

Only 7% cited a lack of available housing stock as a reason why they are unable to purchase.

Landlords were also more positive about current demand for rental properties with 47% suggesting it is now better than six months ago (up from 43% in the summer), with a significant 88% now saying the rental income they receive is sufficient to cover their mortgage payments, management and maintenance fees.

In order to maintain positive cashflow, UK landlords are looking for specialist services from professional suppliers and are using the internet to find them.

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