Outlook 'positive' for professional buy to let investors
While amateur landlords may face difficulties, the outlook for professional buy to let property investors remains positive, according to a survey of mortgage brokers.
The poll, by The Mortgage Works, revealed that 49 per cent of brokers expect professional landlords to add to their property portfolios this year.However, when asked about amateur landlords, 82 per cent said they thought these investors would not take on any new property investments.
Andy McQueen, managing director of The Mortgage Works, said: "True professional landlords understand the property market, the needs of their target customers and the tax and financial implications of running a buy to let business."
In other news that may interest those with buy to let mortgages, a recent survey by the Royal Institution of Chartered Surveyors revealed that 43 per cent more chartered surveyors reported a rise than a fall in landlord instructions to let in July.
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