Landlords are right to be optimistic about the direction the buy-to-let market is heading in at present.

Landlord Mortgages’ Lee Grandin said recently that the buy-to-let “environment” is a positive one when it comes to people who “have the cash to purchase property”.

He advised that one needs to have a lot of cash in the current climate in order to succeed when it comes to buy-to-let. The reason for this, he said, was that people require sizeable deposits.

Mr Grandin explained: “The minimum deposit is 20%, but most products come with a higher deposit up to 40%, which does limit who can purchase property.”

He added that “the figures are stacking quite well at the current interest rates and the current rental yields”.

The comments come in response to new figures from LSL, which revealed 48% of landlords believe that now represents a good opportunity for investment. In comparison, less than 1%t of those surveyed recommended people reduce the size of their portfolios.

Mr Grandin added proprietors can also now begin to act bullishly with regard to how they choose to structure their likely rental income, explaining there is a general lack of supply of property in the UK at present.