A mortgage company has just released its most recent 'buy to let confidence report' and the news is positive. Overall, demand is apparently still high and empty periods without tenants are low. 45% of people believed the strength in the sector would continue, whilst 40% believed it would remain the same.
According to the report, the north west of the UK is most popular for buy to let properties.
Our View
With interest rate rises and more people getting into the buy to let market, there have been concerns that the market would suffer. Although it still seems buoyant, landlords should take into account what will happen if their property is empty. That way, there will be no surprises.