Mortgage Express, who provide buy to let mortgages, have confirmed that although there have been warnings of market saturation, the buy to let market is still buoyant with no rise in arrears.
The lender surveyed some of its customers and found that 63% planned to expand their buy to let portfolio within the next two years.
Most borrowers saw buy to let as a long term investment. Less than 7% said they would plan to reduce the size of their investment. Tim Sturley, head of business development for Mortgage Express, said that although some areas were oversupplied by rental properties, the demand for rented property was likely to continue to exceed demand for the next twenty years.
Mr Sturley issued some useful tips such as using a professional letting agency, taking advantage of flexible features or letting a vacant property to a Housing Association.