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BTL investors are in for long term

Three-quarters of buy-to-let investors are investing for the long term, according to research from the Association of Residential Letting Agents.

Two-thirds of those surveyed plan to retain their properties for more than a decade while 19 per cent are looking at over 20 years, says Arla.

The figures come from a survey conducted through its website. Arla hopes the results will help to dispel the myth that the buy-to-let market has overheated.

A quarter of buy-to-let landlords entered the market five years ago or more, a third invested between 1999 and 2001 and 31 per cent have invested since the beginning of 2002.

There has been a significant lowering in the age of the typical BTL investor, with 28 per cent between 25 and 35; 37 per cent between 36 and 45; 23 per cent, between 46 and 55, and 10 per cent over 55 years old. There were 550 respondents to the survey carried out over a three-month period between April and June.

Arla panel of mortgage lenders spokesman Malcolm Harrison says: “It is very easy to say the buy-to-let market has come to the brink.

“There will always be patches, particularly in London, which are oversubscribed. But, provided you do your homework, there are still plenty of opportunities available.”

The Marketplace at Bradford & Bingley head of product operations David Bitner says: “Arla&#39s figures show that bricks and mortar still offer investors a good place to put their money with average returns of around 7 per cent while their savings returns continue to dwindle.”

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