Almost half of landlords (46%) remain positive about the future prospects of their BTL business and investments despite the current market challenges, revealed the latest Landbay survey.
Meanwhile, 35% remain neutral and 19% feel negatively about their business — due to the general uncertainty of the market, the government interference in the sector and the negativity towards landlords.
Of the respondents who showed optimism, landlords with 11-20 properties were found to be the most positive (41%), while only 26% of landlords with 4-10 properties shared the same feeling.
When giving their reasoning for the optimism, landlords highlighted the high occupancy rates, continued demand for BTL, and the strong rental yields as main factors.
The survey also revealed optimism about the state of the economy, with 44% of landlords feeling positive about its future and its potential to bounce back.
Paul Brett, managing director for intermediaries at Landbay, said: “It’s certainly encouraging to see a strong proportion of landlords remaining positive about the future prospects of both their business and the UK economy — after all, they play a critical role in the wider housing mix in the UK.
“As a lender to the BTL market, we’re incredibly positive about the future of the sector and remain driven to support our customers through a diverse product range.
“While some may still feel unsure based on the current uncertainty and government policy, there are still plenty of reasons to be optimistic; not only are lenders like us ready and willing to lend, but tenants across the country are ready to rent.”
