11th
May 2015
There has been an upsurge of UK Landlords considering buying semi-detached properties as their next buy-to-let investment, according to new research.
A mortgage lender claims that buy-to-let investors interests in purchasing semi detached houses has risen from 23%, since the last three months of 2014, to 35% in the first quarter of this year.
The lender's survey - Private Rented Sector Trends - has been going for the last thirteen years in which it has polled landlords' views and expectancy levels of the buy-to-let market. The report also highlights that landlords' interests in detached houses had plummeted from 67% down to 35%.
From the survey, those landlords looking to invest quickly into new properties this year, 30% are interested in buying a flat, 35% looking at terraced properties, 35% at semi-detached properties.
22% were considering moving into more specialist investments such as HMOs and multi-unit blocks.
The survey reports that much higher numbers of landlords are feeling buoyant about the future of their rented housing stock, with27% extremely confident and 18% were expecting to purchase new properties very shortly, this up from 15%.
The firm's director of mortgages said:" The growing proportion of landlords looking to purchase buy-to-let property sometime soon points to continued steady growth in the private rented sector.
"Meanwhile, a closer look at interest levels for different property types suggests landlords are taking a broader perspective in order to cater for the wider range of households looking for a suitable home in the rental sector."
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