Almost three-quarters of residential landlords believe there needs to be greater innovation in the buy to let market, according to new findings from the National Landlords Association (NLA).

It also found that nearly nine in ten respondents think the sector will benefit from more lenders in the market and greater competition.

Although many landlords that were surveyed highlighted problems with the industry, the research found that property acquisition is on the rise in the UK.

NLA chairman David Salusbury said that the increase in landlords buying new properties suggests that people are feeling more confident about the prospects of the buy to let market.

“However, while these findings are encouraging, some professional landlords, with more extensive portfolios, seem to be struggling to secure funds for additional expansion,” he explained.

Other findings from the survey indicated that 72 per cent of landlords continue to borrow on some or their entire letting portfolio.

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