Among the private rental sector landlords involved in recent Paragon Mortgages research, 66 per cent had very good or good expectations when it came to business.
The participants had been rating expectations in relation to next quarter as part of the survey, which BDRC Continental undertook.
The percentage of landlords seen in this position was higher than had been recorded this side of 2007.
Meanwhile, a lower percentage of landlords had face void periods during the most recent quarter than has been recorded during the past year.
And some 57 per cent had very good or good expectations when it came to what they expected for the PRS.
Among the sample, some 12 per cent had engaged in portfolio expansions in Q2. The average number of properties added was 2.6.
Meanwhile, over a fifth of landlords (22 per cent) were planning on portfolio expansion during the coming year.
Paragon Mortgages managing director, John Heron, said that he was pleased with the implications of the survey’s results.
“I am pleased to see that confidence is growing and that it has reached its highest level post-credit crunch,” he said.
The news came as Leeds Building Society offered-up a reduction when it came to the rate associated with one of its buy-to-let mortgage options.
The reduction applies to the buy to let option with a fixed rate for two years, which has been cut to 3.99 per cent, a reduction of 0.36 per cent.
The building society’s sales and marketing director, Kim Rebecchi, said that it was of the opinion that now would be a good period to go for “a low fixed rate”.
“We believe it’s a very good time to lock into a low fixed rate, and have reduced the rate by 0.36% on the 2 year buy to let deal to a new market leading rate of 3.99% available up to 65% LTV,” she explained.
“This flat fee product will attract professional landlords, who may wish to move onto a market leading rate and fix their monthly commitments.”
One of the biggest benefits with choosing an insurance expert such as Rentguard is that landlords can request specific cover to ensure that whatever use they have for their buy to let property, they can have the right landlord insurance cover to fully protect their investment.
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