According to a poll conducted by CHL Mortgages, 53 per cent of brokers had one to five portfolio landlord clients who were planning on remortgaging or consolidating loans this year.
The results also showed that 16 per cent of brokers surveyed had over 10 portfolio landlord clients who were likely to do so next year.
The survey also found that almost a third of respondents, 29 per cent, said more than 75 per cent of their portfolio landlord clients were considering opening a limited company to manage their properties.
Over half of brokers, 51 per cent, said clients had expressed an interest in setting up a trading company for their buy-to-let investments rather than a special purpose vehicle (SPV).
Ross Turrell (pictured), commercial director at CHL Mortgages, said the buy-to-let market had been strong from a purchase perspective in recent times and the lender expected “sustained levels of activity” from portfolio landlords making property purchases this year.
However, he said the survey results also showed the “vast remortgage potential currently on offer”.
Turrell added: “This potential will be driven by considerable numbers of five-year fixed rate deals maturing over the course of the year and the ball really is in the court of proactive advisers to make the most of these remortgage opportunities in what remains a highly competitive lending space and an uncertain interest rate environment.”
