Over half (52%) of landlords are positive about being a landlord in the current economic and political climate, while just 16% were concerned and felt worried, according to recent research from Your Move.
Your Move’s Landlord Sentiment Survey 2018 further found an additional 30% claimed to feel indifferent about being a landlord in the current climate.
The data highlighted that landlords remain largely confident in their outlook, despite the influx of regulatory changes over the past few years, along with changes to the wear and tear allowance, additional stamp duty on second properties and stricter portfolio lending introduced last year.
The survey, conducted in June, revealed that the two most important considerations to landlords were ongoing maintenance and upkeep costs (83%) and the potential to make long-term profit (80%). In contract, the two least important factors were the tenant fee ban (43%) and the potential impact of Brexit (32%).
Despite these concerns from landlords, Your Move found that most of them are deciding to think long-term when it comes to their investment, with almost two thirds of landlords revealing that they are unlikely to sell a property within the next year.
Commenting on the findings, Your Move national lettings director Martyn Alderton said: “Given the number of regulatory and tax changes in the Buy to Let market over the last few years, it wouldn’t be surprising if landlords felt some trepidation about the future. However, it’s great to see that the landlords we surveyed do, for the most part, remain positive about the future.
“Our research shows the majority of landlords are in it for the long term and that’s important for the well-being of the Private Rental Sector, providing much needed homes for those who cannot yet afford, or do not wish to purchase due to lifestyle choices.”
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