The latest Landbay landlord survey showed that 27% of landlords felt negative about their business, compared to 37% at the end of last year
A survey has found that fewer landlords are feeling negative about the prospects of their BTL business and investments while most landlords remain neutral.
The latest Landbay landlord survey showed that 27% of landlords felt negative about their business, compared to 37% at the end of last year. 40% of landlords were neutral, just below 33% felt positive.
Those who were positive, highlighted higher or stable demand as the reason for their optimism.
One landlord commented: While the world is uncertain, the demand for residential property and accommodation is and will stay very high.
The strongest positive sentiment was among those landlords with portfolios including more than 20 properties. Of those with between four to 10 properties, more felt negative than positive. But the feelings of landlords with portfolios between 11 and 20 properties were evenly split between negative and positive sentiment.
Amongst HMO landlords, just more than 43% felt positive about their businesses, with just below 30% feeling negative.
Those landlords who felt negative, cited uncertainty over a change in government and potential rental reform. Some were particularly concerned about the proposed abolition of ‘no fault’ evictions, or Section 21s, to which both Conservatives and Labour have committed.
Several landlords mentioned anti-landlord sentiment as a problem. One said: Everyone is anti-landlord. With the lack of affordable housing, we are the scapegoats.
Rob Stanton, sales and distribution director at Landbay, noted: Whichever party forms the next government, we hope that they will be committed to supporting the rental sector. Nurturing confidence among landlords is absolutely key to the health and prosperity of the UK housing market, helping to provide much needed accommodation. With affordability still a real challenge for residential buyers and demand continuing to surpass supply, there is an abundance of tenants ready to rent across the country.
