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Thursday, June 24, 2010

Landlords expect to expand

The latest quarterly survey of landlords intentions showing that after a 'wait and see' approach there is an increased proportion of landlords in the 2nd quarter of 2010 looking at expanding their residential investment portfolio.

The survey of 500 landlords carried out by BDRC international reveals that 23% of landlords are now expecting to expand their residential portfolio in the next 3 months compared to only 19% in Q4 09. This figure rises to 45% or almost half of all professional landlords (those who consider it to be their main occupation).

One of the significant reasons behind the more expansionary outlook is improvements in the buy-to-let mortgage market. The survey revealed that the percentage of landlord who were having difficulty in obtaining mortgage finance reduced from 51% of landlord in January 2009 to 44% in Q2 2010.

Consequently 21% of all landlords and 41% of professional landlords are likely to seek further mortgage finance in the next three months.

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