Monday, Dec 17, 2007
A&L survey shows BTL alive and well (LOL)
Mortgage Solutions: Landlords optimistic about buy to let market
Buy-to-let landlords are optimistic about 2008, with 71% seeing their overall prospects as good or very good, according to research from Alliance & Leicester. When it comes to the outlook for the year ahead, nine out of 10 (92%) of professional landlords are confident or very optimistic about the coming months, whereas just over half of those with one property (56%) share that degree of optimism.
Over three quarters of landlords (77%) claim they are making a profit out of their properties with 22% of these able to save some of this income and boost their savings.
Posted by jack c @ 04:01 PM (704 views) Add Comment
14 Comments
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1. hpwatcher said...
Oh, so they won't be asking for more interest rate cuts then......!"&^%*&
2. Doggadogdog said...
"Christmas is to be replaced by a new festival this year called Christfast, 12 days of no eating or drinking" said the turkey when pressed if he would be voting for for Christmas this year.
3. Letsalldance said...
no harm in asking, i suppose they will make even more if they get the cuts
4. uncle tom said...
I dug out the original press release issued by A & L. Although the release was issued today, I found the following footnote:
"The BDRC Landlords Panel report was carried out for Alliance & Leicester Mortgages in August 2007 among a sample of 523 landlords. It looked at which regions generated the most rental yield as well as future prospects for buy to let landlords"
I wish it was possible to highlight text on this site - look closely - yes! - the research is totally out of date!
5. Loneranger said...
These kind of responses remind me of a certain 'property developer' interviewed on Property Ladder some time ago who explained to Sarah Beeney that although she had lost around 50k on developing a property to her personal 'art deco' taste in an inappropriate town location, she did not regret it one bit as she was able to 'express' her creative side! Are these BTL's expressing the same ignorance and pride by insisting all is ok in order to save face? Oh what a tangled web we weave..........
6. jack c said...
UT - thanks for adding this info - the responses are also way out of step with anything I've genuinely heard in the last 3 months.
7. Cheekie Charlie said...
The FTSE delivered its verdict on A & L today.
8. S2rjul07 said...
Read this another way:
44% of those with one property are not confident and not very optimistic about the outlook for the coming year.
That's nearly half...
in August before everything blew up...
How will they feel now?
9. uncle chris said...
Hmmmm - so a quarter of BTL landlords are failing to make any profit from their "investment" - hah - and that is before the end of easy credit. You really have to question the intelligence/sanity of anyone that would take on a BTL in this climate. I realise that BTL (well the naive greedy ones) is the last 'lamb to the slaughter' for the financial industry (since the virtual disappearance of FTB) but their 'BTL is the greatest thing since sliced bread' is really starting to smack of desperation.
10. Little Professor said...
I wish it was possible to highlight text on this site - look closely - yes! - the research is totally out of date! - Uncle Tom
How about this, UT?
The BDRC Landlords Panel report was carried out for Alliance & Leicester Mortgages in August 2007 among a sample of 523 landlords. It looked at which regions generated the most rental yield as well as future prospects for buy to let landlords"
11. little professor said...
I wish it was possible to highlight text on this site - look closely - yes! - the research is totally out of date! - Uncle Tom
How about this, UT?
The BDRC Landlords Panel report was carried out for Alliance & Leicester Mortgages in August 2007 among a sample of 523 landlords. It looked at which regions generated the most rental yield as well as future prospects for buy to let landlords"
12. uncle chris said...
Hmmmm .....
The BDRC Landlords Panel report was carried out for Alliance & Leicester Mortgages in August 2007 among a sample of 523 landlords. It looked at which regions generated the most rental yield as well as future prospects for buy to let landlords.
Ok, so I'm bored .....
13. It_is_going_with_a_bang said...
So a VI asked a VI what they think of their VI.
And the answer was..... not a great suprise.
14. drewster said...
Uncle Tom, well done for spotting that! It's surprising that they'd wait four months to release the research; but there hasn't really been a good time to release it at all.