You are here: Home - Mortgages - Buy To Let - News -

Stock market turmoil drives investors to buy to let

Written by:
Stock market volatility is fuelling confidence in the UK’s buy-to-let market, with fears about under performance in China and the eurozone making investors more likely more likely to turn to buy to let.

A study of 200 landlords with fewer than 10 properties from the Bank of Ireland suggests almost 70% of British homeowners believe that BTL will outperform other forms of investment over the long term.

Despite the Chancellor’s announcement that he is to cut tax relief for buy to let landlords, 73% of landlords said the incoming changes would not affect their attitude towards property investment, although the impact of the changes haven’t fed through yet, with the cuts starting in April 2017.

This positive sentiment toward property investments is also felt by British homeowners with almost half of respondents saying that they would be interested in becoming a buy-to-let landlord in the next two years if they could afford it.

For the sixth survey in a row, Londoners have been shown to be the most property-hungry, with over 66% saying that they would be interested in becoming a landlord. The lowest levels of interest were seen in Scotland and the North.

Mark Howell, director of marketing and customer management, Bank of Ireland UK Mortgages said: “This sixth wave of our quarterly survey has shown that confidence in the market remains robust, despite news stories in the press which might have suggested otherwise.

“It is a sign of the current economic climate that many are seeing BTL as a prime investment – and that they believe it will outperform all other forms of investments.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Questions to ask if your fund manager leaves

Angus Tulloch and Jonathan Asante are the latest high profile managers to announce they are stepping down from their funds....