Buy-to-let land­lords lose con­fi­dence

Yorkshire Post - Property - - PROPERTY -

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.”

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