Optimism among landlords remains
65% of landlords are positive about what the year has in store for them and their property investments, despite the additional challenges brought on by changes affecting the buy-to-let market.
Tenant demand remains strong in London, and this is fueling landlords with confidence, and keeping investor demand strong.
According to Shawbrook Bank, 39% of landlords aim to invest further this year.
Managing Director at Shawbrook Bank, Karen Bennett, said: “Property continues to offer an excellent underlying investment vehicle for professional landlords with the right investment strategy”.
Bennett continued: “While the investment case for buy to let remains strong, there are particular challenges ahead for portfolio landlords and the additional impact of the PRA changes.”
More is being demanded of landlords, not just in terms of the energy performance of their properties and Right to Rent checks, but in the tax and mortgage relief changes.
However, property continues to prove itself to be a good investment asset to landlords, especially those who have a strong strategy in place to weather changes. Though challenges for landlords remain, tenant demand has not weakened, and there are opportunities for those who want to invest in buy-to-let property.
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