Landlords are less positive about the outlook for the buy-to-let market in the UK than they were six months ago, according to CHL Mortgages.
The specialist lender’s second survey of its landlord customers found that 64% of those that responded are still positive about the future for buy-to-let, although this has fallen from a figure of 81%, while those who are unsure about the future rose from 9% to 25%.
This greater uncertainty about the future has translated into landlords’ short-term purchase intentions with 28% of respondents looking to purchase more investment properties, a drop of 10% from the last survey. More landlords are now looking to sit tight with the properties they hold – 66% up from 53%.
When asked: “What constrains you from buying more buy-to-let properties?””