Upbeat attitude among buy to let investors
A new survey suggests confidence among buy to let investors in the wake of the credit crunch.
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The survey, by lender Mortgage Express, also revealed that six out of 10 advisers believed the current
market conditions had created good opportunities for buy to let investors.
According to the survey, almost half of the advisers said experienced landlords made up the majority of their of their client base.
Amateur investors had not made such a large impact, with only eight per cent of advisers reporting that this group had increased.
Jeremy Law, head of buy to let for Mortgage Express, said, "These findings reflect the confidence we are seeing from our portfolio landlords, who are in it for the long-term and believe the current market conditions present them with good buying opportunities.
"With rental demand increasing, it is not surprising so many landlords are feeling upbeat about buy to let."
Emma Tyler, senior consultant for Southend-based IFA The OFM Group, said, "I am not at all surprised by these statistics. Established landlords are making the most of the current property market and combined with a rise in rental demand you cannot deny the good opportunities being created.
"If anything I am concerned about the attitude of the other 40 per cent of advisers."