Landlords express confidence in buy-to-let

by Christopher Evans

Landlords have expressed confidence in the prospects for the buy-to-let property sector this year.

In a new survey by online letting agent, some 61 per cent of landlords said they feel more optimistic than they did last month.

Reasons for the increased confidence included rent increases due to low levels of supply and rises in the number of tenants looking for rented accommodation.

However, there are still some concerns surrounding government regulation and housing benefit payments.

Indeed, some 39 per cent of those questioned said they were worried about new and existing legislation affecting the buy-to-let sector.

Last month, revealed that average rents rose 0.7 per cent in March to £820 per calendar month.

This was the second consecutive monthly increase in rents, with the typical sum now £16 higher than in January.

However, monthly rents still remain six per cent, or £53, lower than in March 2008, when the market reached its peak.

  • Landlord and Tenancy News from Lawpack: Solicitor-approved Rent Increase Notice (Section 13) with expert guidance on how to complete the legal form

Published on: April 22, 2010

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Rent Increase Notice - Section 13 Notice

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Solicitor-approved rent increase notice for landlords to raise rent. Also known as a Section 13 Notice.

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