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Buy-to-let mortgage holders show confidence
Wed, 26 Oct 2005
The buy to let mortgage market is seemingly buoyant, with a recent poll showing 87 per cent of buy to let landlords are planning to extend their property portfolios in the near future.

Four in five buy to let mortgage holders have said that there is an increasing or stable demand for rental properties, the Mortgage Express Buy-to-Let Confidence Survey shows.

The levels of rent are also either increasing or stabilising, 91 per cent of buy to let property owners said.

The positive outlook of buy to let mortgage holders is "encouraging", says Andrew Moss, product development manager for Mortgage Express , the specialist mortgage lender of Bradford and Bingley .

Mr Moss adds that the mortgage lender's analysis reflects this, as the demand for buy-to-let mortgages is increasing.

"Recently lower interest rates have also helped boost the sector. Looking ahead to 2006, the A-Day pension changes should also further help strengthen the market even further," he predicted.

The Mortgage Express buy-to-let survey indicated that southern England remains the top spot for investment by buy to let mortgage holders, with 58 per cent of them choosing to invest there.

Buy to let mortgage holders also opt for Wales and the Midlands (26 per cent) and Scotland and the north (21 per cent).

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