Landlord confidence shines through

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by Gill Montia

Sixty-one per cent of landlords are feeling more confident about the buy-to-let sector, according to the latest Rental Confidence Index from Upad.

The proportion is up from 57% a month ago, marking the fourth consecutive monthly rise.

Research from the lettings portal also records landlords’ highs and lows, including: reports that buy-to-let lending is on the mend; concerns that universities will build more halls of residence and fears that interest rates of the future will be the stuff of nightmares.

Looking forward Upad chief executive officer, James Davis, says: “In the months to come, it will be interesting to monitor the lending capacity of the UK’s banks, and the impact this will have on the sector.”

He adds: “Overall though, I feel that this month’s survey indicates the market is continuing to go from strength-to-strength.”

In related news, the buy-to-let lending market could be on the verge of a breakthrough on loan-to-value ratios.

London & Country is currently offering landlords with a 20% deposit a three-year fixed-rate deal at 6.49%, with a fee of £995.