Buy to let landlords 'should feel optimistic'

12 February 2010

Written by Jeni Browne

Buy to let mortgage holders should feel optimistic about the rental market, according to a spokesperson from the National Approved Letting Scheme.

"There are very good reasons to feel positive and other people's surveys are saying the same," he explained.

A "serious shortage" in property will mean that landlords and those in the buy to let market will be needed to make up this lack of housing.

The spokesperson added that the UK's rental market is relatively small in comparison to that of other countries.

Alongside a need to rent due to economic reasons is a growing preference for being a tenant rather than a homeowner - a trend which began before the recession, he claimed.

The comments follow a landlord confidence index from Upad.co.uk, which found that 57 per cent of buy to let owners were more confident about the market in January than during the previous month.

Founder and chief executive officer of Upad James Davis noted that there are also more newcomers to the sector.

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