Landlords optimistic despite Brexit
Two thirds (64%) of landlords are optimistic about the outlook of the residential buy-to-let sector despite Brexit, according to latest research by Cambridge and Counties Bank.
The research found that more than one in 10 (13%) are “very” optimistic in terms of investment growth and yields.
Simon Lindley, chief commercial director, Cambridge & Counties Bank, said: “In spite of Brexit worries, it is great to see that the overall outlook for the commercial property sector is one of optimism.
“We remain very much focussed on supporting our clients with our comprehensive product suite and in doing so maintain our market leading level of customer satisfaction.”
Nearly a fifth (19%) are reportedly looking to grow their portfolios by a third and 11% want to double their portfolio over the next three years.
Brexit remains a key uncertainty for property sector professionals, with two fifths (40%) of landlords conceding that it is top of their list of concerns.
The research revealed that just one in five (20%) landlords said they were very confident of their lender’s stability.
Lindley added: “Cambridge & Counties Bank has seen a steady stream of borrowers switching from other lenders, often recommended by the intermediaries and brokers we work closely with on a daily basis.
“We are actively focussed on becoming the bank of choice for professional property investors and landlords.
“We will capitalise on the record set of results we posted for the financial year in 2018 and the momentum we have across the UK to grow our market share further.”