Landlords still have confidence in the buy-to-let property market despite slowing house prices and an increase in the cost of borrowing, according to research by Mortgage Trust.
The research, based on 350 replies from residential landlords, found that 90 per cent would not consider selling their investment property because of rising interest rates.
Forty-nine per cent say they will stay with their existing lender while 22 per cent will consider changing lender.
The survey also shows that 16 per cent will increase rents to compensate for the higher financing costs and 14 per cent will swap their variable-rate mortgage for a fixed-rate loan.
Head of sales and marketing Austin Jelfs says: “Our findings echo Arla's report earlier this year and demonstrate that confidence remains strong. Landlords are investing in buy to let for the long term and are less swayed by short-term considerations.”