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Demand for BTL staying strong

Mortgage Express has rel-eased its latest buy-to-let confidence report which indicates that demand remains strong and void periods – periods without tenants – continue to be low.

The report shows that 45 per cent of respondents believe rental dem-and is increasing and 40 per cent say it will remain the same.

Further evidence to suggest that rental demand is increasing is shown in the majority of respondents indicating that void periods were not a major issue.

Only 6 per cent of respondents said void periods had increased in the last six months, 86 per cent claimed they had stayed the same and the remaining 7 per cent believed void periods had decreased.

Those experiencing void periods seemed able to cope, with 12 per cent of respondents meeting remortgage payments for void periods from surplus payments from that property, 8 per cent from surplus rent from other properties and 24 per cent from savings.

The North-west has become the most popular area for BTL investors, with 28 per cent of respondents saying they are considering buying in that region.

Product development manager Roger Hillier says: “There has been some talk lately that the so-called buy-to-let bubble is about to burst. Contrary to these rumours, the evidence clearly shows that the buy-to-let market continues to be healthy.”

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