Confidence in the buy-to-let market is growing, and higher levels of professionalism are being practiced.

www.yourmortgage.co.uk – 12 Jan 2010

According to the latest quarterly survey carried out by buy-to-let mortgage lender CHL Mortgages, 81% of landlords now feel positive about buy to let, with many respondents indicating that the sector has shaken off its ‘get rich quick’ image and has once again become the preserve of sober professionals.

The survey asked landlords how they currently view the market, how they regard the future of buy to let, what their own intentions are and how they are coping with problems.

More than a third (38%) said they intended to buy more property in the near future. Only 13% said they have plans to sell a property, while the majority, 53 per cent, are content to sit tight with the properties they currently have.

Most respondents (59%) manage their properties themselves rather than using a letting agent, and considered their role as buy-to-let landlord as a profession rather than a hobby.

Full Article www.yourmortgage.co.uk