Landlords positive on BTL

The research also stated that landlords have fared well over the past three months with 49% claiming demand for rental property from tenants has increased.

Nearly half expected demand for rental accommodation to continue rising, with just 6% of landlords predicting a fall.

Some 10% have acquired more properties in the past three months while 16% plan to do so in the next three months.

The research showed rents increased at an average of 4.7% with 43% of landlords reporting a rise in rents.

A further 31% said they made enough profit to save some of their rental income with 10% breaking even and 5% making a loss.

While one in five of those polled said they were making enough to live off from rental income, 52% have experienced rent arrears during the past 12 months.

Mark Long, business propositions director for BDRC Continental, said: “As with other occupations, there are important regulations and responsibilities that go with being a landlord. These include major features such as the Tenancy Deposit Schemes and the Client Money Protection Scheme that safeguard tenants’ deposits.

“Our research showed that almost two thirds of landlords are unaware or unsure of what the scheme is, although those using a letting agent for full management services are far more tuned into this significant initiative.”