New year optimism high among buy-to-let landlords
Optimism is high
among UK buy-to-let landlords with a fifth planning to acquire new
property as early as the first quarter of 2014 ,according to the
latest figures released by Paragon Mortgages.
Some 33 per cent of those who participated in the buy-to-let
lenders survey stated that they were expecting to see a rise in the
net value of their portfolios.
The survey, which consisted of 200 landlords, also showed that 38
per cent felt optimistic about their portfolios moving forward into
the new year.
John Heron, director of mortgages at the firm, said: “2013
has been a good year for buy
to let and landlords certainly seem to be more active in the
market. We have seen a steady increase in the levels of optimism
among our landlord customers, and this looks set to stay in the New
“We expect buy-to-let lending market wide in 2013 to be in
the region of £20 billion and whilst this would represent a
material level of growth over 2012 we should keep things in
perspective,’ he explained,” he added.
Optimism levels remain at a record high due to the positive state
of the property market in 2013.