National Landlords Survey 2015 Results
The Simple Landlords Insurance and Landlord Voice magazine survey, which was completed by more than 1,400 landlords about their experience of the buy-to-let market, paints a picture of a buoyant private-rented sector.
With 48 percent of respondents saying they owned more than two rental properties and 56 percent of respondents saying they made a conscious decision to invest in a buy-to-let property, the results showed that the private-rented sector continues to provide a much-needed service to the under-supplied housing market.
For the rest of the results, see below.
Seventy-eight percent of landlord respondents said they were confident they could find a new tenant for their property within four weeks if it were to become unoccupied.
And with figures released by HomeLet showing rents shot up by 12.5 percent across the country during the second quarter of the year, it is telling that 69 percent of Landlord Voice survey respondents said they had evicted tenants due to rent arrears.
Twenty-four percent said they planned to increase rent in the next 12 months and with rents at such a premium it is perhaps also unsurprising that 55 percent of its landlord respondents held rental yield as their motivation for investing.
The survey also threw up some interesting regional variants.
It showed the best performing areas for buy-to-let were the midlands and south central England.
In the midlands:
Thirty-six percent of landlords in the region said they were looking to increase the number of rental properties they owned in the next year compared with 33 percent nationally
Forty-nine percent of midlands landlords said if they had to find a tenant in the next 12 months they could do so within four weeks, compared to 44 percent nationally
In South Central England:
Thirty-six percent of landlords in the region said they were looking to increase the number of rental properties they own in the next year compared with 33 percent nationally
Forty-seven percent of south central landlords said if they had to find a tenant in the next 12 months they could do so within four weeks, compared to 44 percent nationally
Landlord Voice matched the survey data against Simple Landlords Insurance quote data which showed some UK cities had seen remarkable changes in terms of popularity as buy-to-let destinations during the last five years.
The Simple Landlords Insurance data showed:
Cardiff was now the fifth most popular UK buy-to-let destination – having jumped nine places from 14th
Hull had jumped 14 places – from 28th to 14th
Edinburgh and Scotland had fallen by seven and five places respectively – from 12th to 5th and from 8th to 13th
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