In a poll taken at the most recent RBS Intermediary Roadshow held in Manchester, nearly a third (31%) of mortgage intermediaries thought that their landlord clients are taking an optimistic view about their prospects for the next 12 months and will be looking to add properties to their portfolios.
Nearly six in 10 (58%) thought that their landlord clients will maintain neutral positions over the next 12 months whereas only 10% felt that their landlord clients would take a pessimistic view and reduce the amount of properties in their portfolios. Only 1% believed that their landlord clients will be selling up and getting out of the market altogether.
Graham Felstead, head of sales, RBS Intermediary Partners, said: “Buy-to-let is one of the sectors of the mortgage market that is proving to be more resilient. With reductions in house prices and a robust demand for rental property, many landlords are viewing the current market as a good one for expanding their portfolios. At RBS Intermediary Partners, we are well placed to help cater for this interest as our NatWest buy-to-let proposition enables landlords to take out mortgages on up to 10 properties.”
Filed under: Buy to Let, Intermediaries, Landlords, Mortgages, Property
