Buy-to-let investors ‘committed to market’
Landlords are still committed to the properties they own and some wish to take on more homes, it has been claimed.
A report from the Association of Residential Letting Agents has said that four out of ten buy-to-let investors wish to increase their portfolios in the next year.
While the previous report from the organisation found that buyers want to hold onto an investment mortgage for an average of 16.7 years, this has gone up to 17.2 years.
Head of operations at the firm Ian Potter noted that buy-to-let individuals are astute when it comes to finding out the best deals.
"This understanding would appear to be far greater than the understanding shown by investors in many other markets and is proving to be a bonus for the nation's housing problems. There is no one else investing in residential housing at the moment," he commented.
Most of those studied also look at the market themselves when attempting to take out a buy-to-let mortgage.
In other housing news, the Town and Country Planning Association last week urged the government to make more land available for building purposes.
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