Landlords are feeling more confident in the buy to let market for the fourth month in a row, according to Upad's rental confidence index. 61% of 155 landlords surveyed said they were more confident than last month.
Financial criteria were one of the main issues commented on, with one landlord commenting that "there are positive signs lending is returning to the market, which has been the biggest block in the past two years", and another adding "the industry needs to stop taking Government money and start lending sensibly again."
But not everyone was upbeat: future interest rate rises continue to be a worry, and "there is still a lack of finance. What little bit of finance that is out there is too expensive and there are still too many bad debts and regulations."
James Davis, founder and CEO of Upad, commented: "In the months to come, it will be interesting to monitor the lending capacity of the UK’s banks, and the impact this will have on the sector. Overall though, I feel that this month’s survey indicates the market is continuing to go from strength-to-strength."
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