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Eight in 10 landlords set to expand property portfolio

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  • 02/09/2019
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Eight in 10 landlords set to expand property portfolio
Eight out of ten landlords (84 per cent) will expand their buy-to-let (BTL) portfolio over the next 12 months, according to figures released from The Mortgage Lender.

 

The report entitled ‘The Mortgage Lender: Buy to let: The Landlord Experience’, was conducted by OnePoll and addressed a panel of 100 landlords, revealing that half of all landlords agree that swathing tax changes have reduced the number of private landlords.

However, only one per cent said they think that has led to an increase in quality of rental property.

It also highlighted that only one in eight landlords had arranged specialist tax advice to help them manage their portfolios while only four in 10 used a specialist buy-to-let mortgage broker when arranging borrowing.

This is despite 45 per cent stating that they already owned between two and four properties.

Peter Beaumont, deputy chief executive of The Mortgage Lender, (pictured) said: “Our special report provides an in-depth guide to the buy-to-let market, including landlord obligations and yields around the country.

“Our panel of landlords have shared their worries and opinions and we’ve included landlord case studies to demonstrate the depth of borrower circumstances we are dealing with on a regular basis.”

Doug Hall, director at mortgage provider 3mc, added: “[The report] provides a snapshot of how landlords feel about the market, their tenants and the impact the myriad of changes has had on their portfolio intentions.”

According to the report, property maintenance, care of property and tenant behaviour were the top three concerns for landlords.

 

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