Buy-to-let enquiries up 30% since May following stamp duty dip

Buy-to-let enquiries from landlords and potential investors are up an impressive 30 per cent since May, pouring cold water on suggestions that the market is in trouble.

With a raft of buy-to-let changes in recent times, some have questioned the long-term future of the private rental sector.

However, the latest figures from Rightmove’s Rental Trends Tracker appear to show a surge in confidence from the UK’s would-be landlords.

The property listing site has revealed an upturn in recent months - the significant rise in buy-to-let enquiries indicates a prosperous Q3 for the nation’s landlords.

An up-and-down year for buy-to-let

The news is a far cry from the drop in activity in March and April, with investors going quiet as the changes to stamp duty loomed.

The uncertainty in the sector caused a brief pause in activity, however, landlords have quickly found their confidence again.

2016 had started with a boom, as landlords rushed to complete their purchases before the new rules set in.

Another buy-to-let surge?

Along with the 30 per cent growth in enquiries since May, the report also shows some encouraging annual growth.

The number of new rental listings in this quarter is six per cent higher than in 2015, indicating a healthy interest in the private rental sector.

London in particular - an area famed for its prices - is attracting a surge of new investors, with a 15 per cent rise in new listings in the last 12 months.

However, given the best buy-to-let areas in London can achieve returns on investment north of 30 per cent, and yields of over seven per cent, it may not be a surprise.

Have you purchased a buy-to-let property since the stamp duty change? Tell us more below.

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