This article was supplied by
The Money Centre - the UK's leading buy to let mortgage broker
.
Philippa Worth (writing on behalf of The Money Centre) examines results from the latest landlord survey to give a quarterly snapshot of the lettings climate, property and tenant profiles, and attitudes and expectations among buy-to-let investors.
It's time once again to report on the landlord survey* regularly conducted for us by market research company BDRC. There's always controversy surrounding the housing market, and the buy-to-let sector is no exception - not least because it's a constantly changing market. These surveys allow us to take a closer look at the latest developments as they happen.
The interviewees
The landlord profile is almost two thirds male and one third female. The principal age group ranges from 25 to 44, occupies socio-economic groups B/C1s** and an income bracket of £30,000 to £50,000. Respondents had an average letting portfolio worth £511,000 (up from £498,000 in the last survey), and 69 per cent had mortgage finance for at least some of their portfolio, with average outstanding at £187,500. The majority of landlords in the survey (91 per cent) let residential property only (with 17 per cent involved in holiday lets). Investors operate mainly in the UK, with London and the south-east voted top of the yield tables (central London: 44 per cent, outer London: nine per cent, and the south-east: 12 per cent).