According to the National Landlords Association, only 9% of landlords give the reason of house price inflation as their main reason for purchasing buy-to-let properties. Forty six per cent of those polled said that this had no influence on their decision, while 45% admit that it was a consideration. Twenty per cent admitted that the 'bandwagon effect' surrounding the housing market had influenced them to some extent, but 44% denied this. The Association believes that these findings are completely the opposite of the popular belief that landlords are out to make a 'fast buck'.
Our view
What utter rubbish! People invest to make money. People invest in property to make money and the security of a bricks and mortar investment with income and growth potential - it is that simple.