Residential landlords confident over rent prices

30th Aug 2012

Landlords in the UK are now increasingly confident about the state of the market for properties to rent, as they are seeing their monthly income remaining high and yields following suit.

According to the latest report from LSL Property Services, 48 per cent of landlords see this as a good time to get into the market for rental homes. Of those who said this was the case, some 82 per cent cited good prices as the reason they wanted to increase their portfolio.

Lee Grandin, director at Landlord Mortgages, said that this is a trend being seen increasingly across the country, as those with the capital to do so see the benefits in the rental market.

"It is definitely a positive environment for those that do have the cash to purchase property. You have to be cash-rich at the moment to make buy-to-let work because you do need a significant deposit. The minimum deposit is 20 per cent, but most products come with a higher deposit up to 40 per cent, which does limit who can purchase property."

He also said that when it comes to the market for rental homes, landlords are in the driving seat with regards pricing due to a general lack of supply in the market.

Posted by Staff Writer: ADNFCR-1286-ID-801439084-ADNFCR

© Zoopla Property Group Limited

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