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Buy to Let

Landlords bullish on buy-to-let

Christina Hoghton
Written By:
Christina Hoghton
Posted:
Updated:
11/11/2016

Britain’s buy-to-let market remains remarkably resistant, rising to almost record highs despite several months of economic uncertainty, according to the Bank of Ireland UK.

In its latest research of landlords and property owners across the UK the lender found that confidence in the sector remains high.

Over half of landlords (54%) think that the vote to leave the EU will make no difference to their buy-to-let investments – and one in five (19%) believe that Brexit will actually be beneficial to their business.

The study found that almost half (46%) of current landlords with two or more properties expect to increase the size of their holding over the next few years. Furthermore, 52% of homeowners would like to become a landlord (if they were able to afford it) and the increasing demand for private rental property means that 48% of people are more likely to invest in buy-to-let.

Mark Howell, director of marketing and customer management, Bank of Ireland UK Mortgages, said: “Our index shows that attitudes towards the buy-to-let market remain incredibly positive. Despite a number of events which were expected to have a negative impact on the sector, homeowners and landlords continue to see BTL as a solid long-term investment. It’s really encouraging to see such confidence in the market, and I am particularly pleased to see that the Mortgage Affordability Index has risen to record highs.

“Landlords do, however, need to be aware of the impact that George Osborne’s tax changes will have on the sector and ensure that provisions are made to protect against this.”