According to a survey from Landbay, around 32% of non-portfolio landlords with fewer than four mortgaged properties had no plans to sell, followed by 24% who own portfolios of between four and 10 rental properties.
Only 15% of landlords plan to sell up to 10% of their properties, while 4% plan to dispose of a quarter of their properties and less than one in 10 want to sell half of their properties.
The biggest reason to sell among landlords was regulation, with the upcoming Renters’ Rights Bill a key concern cited by around 35% of respondents.
This was followed by 31% of respondents citing landlord taxation, which compares to 51.4% of respondents selecting this last year.
Around half of landlords intend to buy new rental properties in the next year, a rise from 27% in last year’s survey.
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Rob Stanton (pictured), sales and distribution director at Landbay, said: “This latest survey data is hugely encouraging and once again demonstrates just how robust and resilient buy-to-let landlords are.
“In the face of increasing operating costs and the threat of new legislation, this commitment from landlords to stay put is a huge win for the PRS and for renters all over the country – especially when you consider the massive role rented accommodation plays in the UK’s housing mix.”
He added: “We know this isn’t the story for all landlords, and while selling is a natural part of… developing a successful portfolio, there are still those just looking to scale back. As a sector, we absolutely need to get behind these landlords and give them the confidence to not just stay put, but to expand and succeed.
“As a lender in this space, we take this role really seriously – whether it’s launching and expanding our innovative product transfer offering or providing competitive rates and a broad product range to help landlords of all sizes when the timing is right to scale their portfolio.”
