Looking to Sell or Let?
Begin your journey with a free property valuation.
Get the facts and figures to make informed decisions.
Property Valuation
"*" indicates required fields
Landlord confidence in the private rental sector has gone up by eight percentage points in the past three months according to research by specialist landlord lender Paragon Bank.
The bank’s survey of 800 landlords found that confidence in the sector is up in the third quarter of 2023 on a range of measures, compared to the previous quarter.
Landlords were asked for their views on the outlook for rental yields. Almost half (49%) rated their expectations for the sector as good or very good – an increase of 16 percentage points since quarter two.
There was also an uplift in confidence among landlords when asked about their own lettings business, which saw an increase of 11 percentage points.In addition to optimism about rental yields, expectations for capital gains grew by six percentage points.
When compared to figures for the same period last year, landlord confidence increased for all measures except capital gains.
The research was carried out before the announcement, in the King’s Speech, that the Renter’s Reform Bill, and the end of Section 21 no-fault evictions, would be delayed until court reforms have taken place – a change to the rental landscape that could add to the positive outlook.
Paragon Bank managing director of mortgages Richard Rowntree says: “It’s great to see a lift in optimism amongst landlords, reflecting some of the stability that we’ve seen return to the market and economy more broadly.
“Landlords play a vital role in the UK’s housing provision, so it is important that they feel confident in the investment environment, particularly at a time when demand continues to outstrip supply.”
Read more about this story on the Property Investor Today website.
Begin your journey with a free property valuation.
Get the facts and figures to make informed decisions.
"*" indicates required fields
If you want to know more contact us,
and we’ll be happy to help you.
"*" indicates required fields