Buy-to-let landlords lose confidence
A PRIVATE rental sector health check from lettings specialist Upad has revealed that there has been a 9 per cent drop in confidence amongst UK buy-to-let landlords since April 2012.
Asking 500 UK landlords whether they were more or less confident about the buy-to-let market, the research highlighted a dip to 63 per cent compared to April’s positive rate of 73 per cent.
One landlord said: “We have about 10 properties as far north as Cumbria and we are clinging onto our tenants in these areas.
“Most are on housing benefit. Some are struggling and we are not getting the full rent each month.
“However, we have about six properties in the London area and these have always been easy lets.”