Landlords eye up portfolio expansion

A recent survey* has found that, despite the pressures on the property market, nearly a third of buy-to-let landlords plan to expand their portfolio next year.

44% of those with hopes to buy are portfolio landlords who already own at least 11 properties. When asked about their motivation, just over a third said they were driven by the fall in UK house prices, while 38% of landlords put it down to the increase in tenant demand. 

 

However, not everyone is feeling so optimistic; 43% of respondents did not envisage purchasing any property in 2024 – some cannot afford it, while others are put off by the high interest rates. 

 

We can help you expand your portfolio with confidence – get in touch for mortgage advice. 

 

Your home may be repossessed if you do not keep up repayments on your mortgage. 

Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.  

 

 

*Landbay, 2023 

22 January, 2024

More news

6 February, 2024

It’s a constant bane for house sellers but it isn’t going away.
Gazundering is when a buyer reduces their offer at a late stage of negotiations to try to pressure the seller into accepting a lower offer. Searches for the term rose by 97% between January and Septem

31 January, 2024

Research* has shown that online searches for the phrase ‘when will mortgage rates drop?’ surged
Hopes that rates have peaked heightened in September. After 14 consecutive meetings where rates were increased, good news came when the Bank of England’s Monetary Policy Committee voted to retain Ba

18 January, 2024

It’s no secret that higher interest rates have caused mortgage repayments to increase significantl
Many favour equity release  These higher payments mean homeowners are more likely to turn to equity release in later life – especially if they also have a depleted pension pot. Lifetime mortgages a