UK landlords 'should feel optimistic about rental market'

Posted: 12 Feb 2010 10:28:01 GMT

Landlords in the UK should feel optimistic about the state of the rental market, according to one expert.

A spokesman for the National Approved Letting Scheme (Nals), says: "All of the demographics point to the fact that there is more and more need for rental properties, and that's looking good [for] the future."

His comments come in response to recent findings from the monthly Upad landlord confidence index, which reveal that 57 per cent of British landlords feel more confident about the buy-to-let market than they did last month.

Similarly, the Council of Mortgage Lenders recently reported that new buy-to-let lending increased for the second consecutive quarter in the last three months of 2009.

During this period some 25,800 new home loans were approved.

Furthermore, Paragon Mortgages recently found that ten per cent of landlords are looking to expand their property portfolio during the first three months of this year.

The Nals spokesman advises that due to this positive outlook there is no reason why UK landlords should not feel confident about the current state of the buy-to-let market.

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