Buy-to-let landlords in for the long-term, says Alliance & Leicester

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Alliance & Leicester has found that buy-to-let customers are in for the long-term despite the recent interest rate rise.

Research conducted by Alliance & Leicester showed that the majority (53 per cent) of buy-to-let mortgage borrowers plan to remain in the market for at least the next decade.

Over a quarter (29 per cent) stated that they have no plans to leave the buy-to-let market and may remain "indefinitely".

Mehrdad Yousefi, head of intermediary mortgages at Alliance & Leicester, said: "This upbeat view of the buy-to-let market from those at the coal face is encouraging.

"Landlords love affair with the buy-to-let market is not without justification."

Some 67 per cent of those who expressed a desire to sell investment properties to benefit from recent capital gains said that they hope to purchase further properties with the revenue.

Buy-to-let mortgages celebrated their tenth anniversary in 2006, having been approved by the Association of Residential Letting Agents in September 1996 as a means of widening access to property as an investment.

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