Third of landlords set to expand portfolios despite ‘continuing uncertainty’ – MTF

by:
  • 15/02/2018
  • 0
Third of landlords set to expand portfolios despite ‘continuing uncertainty’ – MTF
A third of UK property professionals are set to expand their portfolios in 2018 despite “backdrop of increased challenges”, according to MT Finance (MTF).

 

The bridging finance specialist polled 109 portfolio buy-to-let landlords to examine the future performance of the property market, and found that 33% planned to increase their portfolios, while 50% said they planned no changes in 2018.

No respondents said that they planned to reduce their exposure to the UK property market.

Of the 33% of respondents looking to expand, 60% are looking to buy in the South East, compared to the 20% looking in London.

This comes despite 40% of those surveyed saying that they did not see conditions for landlords and property investors improving this year.

 

Challenge breakdown

When asked what had been the biggest challenge in 2017, 43% cited the additional stamp duty charge of 3% when buying an investment property.

Economic uncertainty placed second at 21%, followed by new affordability rules at 16%, some 15% said accessing funding was the biggest challenge, and 5% identified the stripping back of tax relief.

Moreover, around 45% of those questioned bought residential properties as investments, compared to the 21% who bought foreign properties, and the 11% that bought commercial properties.

Tomer Aboody, director of MTF, (pictured) said: “While there is continuing uncertainty, particularly over how the Brexit negotiations will unfold, UK property investors remain resilient.”

He continued: “The fact that property professionals have continued to invest in the UK, despite the uncertainty and numerous challenges, bodes well for the future of the market.”

“Bridging finance is there as a tool to help investors fulfil their requirements when looking to purchase properties quickly and increase their portfolios,” Aboody added.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Bridging

Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.

Commercial

Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
Dave Pinnington
Don’t be too quick to write-off a client’s needs – Pinnington

In finance, we’re often guilty of taking a black and white approach to cases. This borrower is prime, that one...

Close