According to a study from The Mortgage Lender (TML), an overwhelming majority of landlords were optimistic about the property market over the next 12 months, with 74% feeling confident and 27% feeling very confident.
Interestingly, the most confident landlords owned homes of multiple occupancy (HMOs), while student accommodations landlords and investors with portfolios of five properties or more also expressed confidence in the market.
When landlords were asked to rate the potential performance of their current properties, 71% said they were confident, while portfolio landlords were the most optimistic at 78%.
Buy-to-let landlords who have been in the market for more than five years were more confident than those renting out properties for less time, amounting to 73% compared to 69%. This could be because those landlords have gone through more economic cycles than their less experienced counterparts.
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