Positivity among buy-to-let (BTL) landlords has more than doubled since last year’s Autumn Budget, Landbay’s latest survey found.
More than a third of landlords (36%) said they felt positive about the future of their businesses, up from 18% after the last Autumn Budget.
The number of landlords feeling negative dropped to 21%, down from 43%.
Just over 40% of landlords remain neutral, which is similar to last year.
Landlords told Landbay that strong rental demand and good yields were the main reasons for their optimism.
Those investing for the long term said property investment is still “very viable” and a “rewarding investment”.
Rob Stanton, sales and distribution director at Landbay, said: “It is very encouraging to see landlord confidence rebounding.
“The data reflects what we are hearing on the ground with high rental demand and strong yields helping to underpin optimism across the sector.
“On top of that, our survey and lending data tells us that landlords remain committed to the sector – not just staying put, but seizing new investment opportunities available in the market.”
Stanton added: “As the data demonstrates, this isn’t the story for everyone and is likely a shifting picture as we head towards the Autumn Budget.
“As a lender in this space, it is our duty to work closely with our intermediary partners to throw our arms around these landlords, remind them what the sector has to offer and use our broad range of products to give them the confidence to refinance their existing properties and expand their rental portfolios.”
