UK Landlords Remain Cautious Despite an Increase in Rent Rates

Even though rent rates have been growing for the past months, many British landlords remain cautious and choose not to expand their portfolios.

A research performed by Mortgages for Business, a specialist buy to let mortgage broker, revealed that UK landlords, although happy to see rent rates rising, are not planning to expand their property portfolios now.

Commenting on the findings, David Whittaker of Mortgages for Business, said that landlords currently hold one of the 2 opinions. They are either positive about moving forward or determined to hold back. “You have a mixed approach; you have some that are positive and are moving forward and you have some that are holding back to see what happens in the world at large,” he said.

Mr Whittaker also mentioned that mortgage accessibility for buy to let investors has improved significantly in the past months. As such, the number of mortgage deals increased from 400 to 500 in only 3 months. A new lender entered the UK buy to let market. Account, is expected to become a significant player on the market.