'Lack of confidence' from house buyers may interest landlords

18 March 2010

Written by David Whittaker

The buy to let industry could be affected by a lack of confidence in the housing market.

According to the Building Societies Association's (BSA's) Property Tracker survey, many people are uncertain whether or not they should purchase during the current climate.

Head of mortgage policy at the BSA Paul Broadhead said: "Potential buyers will be waiting to see the effect on the property market of the end of the stamp duty holiday."

The general election and the budget are also adding to this uncertainty, he claimed.

But buy to let landlords could find that now is the ideal time to purchase property.

It is a good time to buy houses and 49 per cent of those polled by the BSA agreed, although this was a drop since December last year.

And it may be that such investments are a wise way to plan for retirement, as Churchouse Financial Planning recently revealed that people who are put off pension schemes are looking at property as a better investment.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.