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UK mortgages for buy-to-let

Date: Fri, 28 Oct 2005

There is likely to be an increase in the number of UK mortgages obtained to purchase buy-to-let properties as confidence in the letting market improves.

The latest buy-to-let confidence survey from Mortgage Express shows that almost nine in ten landlords are planning to either maintain or extend their property portfolios.

The survey also revealed that 81 per cent of landlords believe demand for rental properties is increasing or at least staying stable. Investment return is also looking strong, with 91 per cent of investors believing their second properties are attracting consist or increased rental yields.

"It's encouraging to note that our borrowers believe that demand for rental properties remains strong. This point is reflected in our own economic analysis which shows increased demand for buy-to-let loans in general," said Andrew Moss product development manager for Mortgage Express.

The south of England remains the most popular area for landlords, followed by Wales and the Midlands.


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