Landlords in Scotland maintain confidence in sector

Published on

Landlords in Scotland are committing to continuing to rent private properties signalling confidence in the sector, according to the latest survey results from SafeDeposits Scotland.

The not-for-profit tenancy deposit protection scheme surveyed its landlord members last month and found that 88.57% could see themselves continuing as a landlord ‘for the foreseeable future’.

The majority (69.81%) of respondents to the online survey said they have not considered and have no intentions of selling their rental property within the next 12 months.

Of the 108 private sector landlords surveyed, 90% had rented their properties for three or more years.

70% of respondents don’t consider themselves to be full-time landlords, using the income from their private tenancies to supplement wages or using rent money to cover mortgage costs.

The results follow findings from SafeDeposits Scotland’s tenant survey earlier this year, which revealed that 30% of tenants in Scotland are not aiming to buy a home, and 71% can see themselves renting for the foreseeable future.

Ian Potter, chairman at SafeDeposits Scotland, said: “Despite uncertainty in the economy, Scottish landlords remain committed to providing much-needed accommodation in the private rented sector.

“Landlords’ confidence in the Scottish private rented sector is well-placed as it continues to grow. There’s a balance to be struck between supply and demand and currently the Scottish market seems to be in relative equilibrium.

“Organisations like SafeDeposits Scotland help make the private rented sector a more attractive prospect for tenants and landlords alike, by providing an impartial, government-backed protection service.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

First-time buyers favour ‘forever homes’

First-time buyers are increasingly opting for larger homes and longer mortgage terms as they...

OPDA launches upgraded framework to cut delays in transactions

The Open Property Data Association (OPDA) has unveiled version 3.5 of its Property Data...

Majority of landlords plan to hold their ground, Landbay survey shows

Buy-to-let landlords are demonstrating renewed confidence in the private rented sector, with a majority...

One third of people relying on inheritance to secure retirement income

Nearly one in three people believe they will need an inheritance to help fund...

Fear of rejection deters thousands from applying for a mortgage

More than a third of would-be homebuyers say the fear of being rejected is...

Latest publication

Other news

First-time buyers favour ‘forever homes’

First-time buyers are increasingly opting for larger homes and longer mortgage terms as they...

OPDA launches upgraded framework to cut delays in transactions

The Open Property Data Association (OPDA) has unveiled version 3.5 of its Property Data...

Majority of landlords plan to hold their ground, Landbay survey shows

Buy-to-let landlords are demonstrating renewed confidence in the private rented sector, with a majority...