Bradford & Bingley: Landlords still feeling positive

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Bradford & Bingley: Landlords still feeling positive

Wed 12th Dec 2007

Landlords in the Britain are still feeling optimistic about the buy-to-let market, according to research from Bradford & Bingley.

A study by the bank reveals that 86 per cent of landlords have plans to expand their portfolio or leave it as it is next year.

Furthermore, 95 per cent said they feel happy about the steady status of rental yields, which are currently at 5.72 per cent.

Jeremy Law, head of buy-to-let, Bradford & Bingley, commented: "Over half of our landlords report that they have added to their portfolio this year, which is extremely encouraging and indicates that the prospects for the sector remain positive in 2008.

"These are the people on the ground who are researching their areas, taking out the mortgages, buying, maintaining the properties and managing the tenants - therefore their opinions are important."

Recently, Zone 4 Property claimed that rental demand will continue to rise in the UK, due to a combination of population growth, a strong economy and other factors.

According to Zone 4 Property, a combination of population growth, slow planning response, the upcoming London Olympics and a buoyant economy mean that the private rental market will thrive.

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