Buy to Let Investors take their Positive Outlook into 2013

16 December 2012 Categories: News

Buy to Let Investors take their Positive Outlook into 2013

The latest research poll conducted by CHL Mortgages has shown that over two thirds of landlords remain positive about the buy to let industry as they move into 2013. Only 4% of the respondents admitted to a negative outlook, meaning that the overall figures for this survey stayed roughly the same as the last which was conducted six months ago.

Of the landlords that responded to the survey, 56% said they would keep their property portfolios as they are during the coming year, but more than a third are hopeful that they will be adding to their portfolios with new property acquisitions. Less than 3% reported wanting to downsize their portfolios or sell up completely.

Managing director of CHL Mortgage, Bob Young commented on the continued positivity of landlords saying, “With nearly three-quarters of respondents upbeat about the buy-to-let sector’s prospects and a third planning to expand their portfolios, this is good news not just for brokers and lenders who operate in the buy-to-let market, but also for tenants who are struggling to find a suitable rental property as demand continues to outstrip supply. Given that less than a fifth of landlords expanded their portfolios in 2012, this suggests that the supply shortfall could start to be addressed as we head into 2013.”