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Landlords confident about rental homes

Confidence in the buy-to-let market remains strong, according to the latest survey quarterly from Mortgage Express.

The specialist lending arm of Bradford & Bingley, found that 39 per cent of buy-to-let investors are planning to extend their portfolios within next six months - up from 33 per cent who said the same in the final quarter of last year.

In addition, 96 per cent expect rent levels to remain the same or increase during the same period.

Over the past six months, 75 per cent of respondents have experienced no void periods - an increase from 71 per cent during the last three months of 2004.

"Our survey reveals that landlords' confidence in the buy-to-let market remains strong," commented the product development manager for Mortgage Express, Andrew Moss.

"Low void periods, consistent demand for rental properties and the belief that rent levels will stay the same or will increase has meant many are now planning to expand their portfolios within the next few months."

Mr Moss definitely feels that "the outlook for buy-to-lets remains positive".

The South is still a potential hot spot for the next six months, with 62 per cent of landlords currently owning properties there.

However, Mr Moss pointed out that "the North East and Midlands are also growing in demand", and overseas locations are becoming "increasingly popular".