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Buy-to-let market still buoyant

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  • 29/07/2002
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Buy-to-let investors remain positive about the market despite speculation of a slowdown. Research...

Buy-to-let investors remain positive about the market despite speculation of a slowdown.

Research conducted by Mortgage Express indicated 63% of respondents are planning to increase their buy-to-let portfolio over the next two years.

Tim Sturley, head of bus- iness development at Mortgage Express, said: ‘We have always said investing in residential property with the aim of making quick gains is not a sensible approach.

‘The survey reveals most of our buy-to-let investors are looking at the long-term picture and are not deterred by short-term speculation about a crash in the market.’

Only 7% of the 200 buy-to-let investors surveyed had plans to reduce their investment.

Sturley believes that despite an element of oversupply in buy-to-let hotspots such as London, the market will remain buoyant.

He said: ‘There are definitely some areas of the country that might be over-supplied with rental properties. However, we stand by the Government’s research which shows over the next 20 years demand for rented property will continue to exceed supply.’

Sturley said Mortgage Express had not experienced any decrease in the amount of requests for buy-to-let information, no increase in buy-to-let arrears and no reduction in the volume of buy-to-let mortgage applications.

However, he warned buy-to-let investors to investigate the area they want to invest in and ensure they are protected against a possible increase in interest rates and the chances of being unable to find a tenant.


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