Recent research has indicated that over half of landlords are looking to expand their investment property portfolio in 2015, driven by the increasing demand for rented accommodation and reduced competition from the squeezed out first time buyers.
Not only are landlords looking to purchase more property but 4 in 10 are also planning on raising the rent on their existing investments.
Unsurprisingly perhaps two thirds of the current standard or vanilla buy-to-let activity surrounds mortgaging with the remainder covering new mortgages for purchases.
David Whittaker from Mortgages for Business added “Landlords are reporting a buoyant rental market, driven in large part by a resurgent jobs market and now even more encouraging signs on wages. In turn this will stimulate many landlords to invest further although one major hold-up in an otherwise sunny outlook is a long shadow of political uncertainty”.