Landlords 'are planning on buying more property'

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Landlords are still looking to add to their portfolios, despite the recent turmoil in the markets.

A new study by Property for Life found that 72 per cent of buy-to-let investors currently believe that it is a good time to purchase property.

However, nearly half (44 per cent) the landlords questioned said that they were already feeling the affects of the recent lending crisis.

"Confident as ever in the returns offered by the housing market, property investors are keen to continue to expand their portfolios, undeterred by the higher interest rates and the financial turbulence of the credit crunch," explained Property for Life managing director, David Austin.

"A high tenant demand is fuelling rental yields, offering strong capital returns for buy-to-let investors.

"Providing the base rate does not stray above six per cent, the buy-to-let market will remain buoyant as the majority of investors are looking for a long-term solution and recognise that bricks and mortar remains unrivalled as an investment asset."

A study from Ezylet.co.uk found that 20 per cent of landlords thought that interest rates of six per cent or more would force them to sell some of their portfolio.

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