14:37 PM, 30th August 2017, About 4 years ago 1
A landlord sentiment survey carried out by Foundation Home Loans considering confidence post political instability of the snap General Election and Brexit shows that 71% have experience a drop in confidence for the PRS.
38% of landlords have since reviewed the size of their portfolios due to increasing costs and 7% have actually sold property to reduce their exposure to the rental market. For portfolios of 20 or more properties the figures rise to 19% that have sold rental properties so the loss to the PRS increases with the larger individual providers.
30% of landlords also reported increasing rents with the largest percentage in the East Midlands with 41% instigating a rent review.
Jeff Knight, Foundation Home Loans marketing director, said: “Landlords have been met with a raft of changes, from stamp duty charges to shifts in tax policy, and the lack of certainty on the political front has clouded the picture somewhat.
“The response has been to batten down the hatches streamlining larger portfolios and protecting income by increasing rents. Decisions that can be reviewed once the Buy to Let market is more accommodating.
“The fact remains that, whether it’s as a stepping stone to home ownership or a longer term lifestyle decision for tenants, the rental sector is an increasingly important part of the housing mix.”
*Foundation Home Loans sentiment survey include 780 landlords across the Uk
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleFreeholder repossessed and done a runner?
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|