0800 860 68 87

BTL remains main focus for 8 out of 10 Landlords

According to the latest report from The Mortgage Lender, 84% of landlords are committed to the buy to let market and looking to maintain or increase the number of properties in their portfolios over the next 12 months.

The special report, which includes research among a panel of residential landlords, also reveals half of all landlords agree tax changes have reduced the number of private landlords but only 1 per cent think that has led to an increase in quality of rental property.

And it highlights that only one in eight landlords is seeking out specialist tax advice to help them manage their portfolios while only four in ten are using a specialist buy to let mortgage broker when organising their borrowing.

Peter Beaumont, The Mortgage Lender deputy chief executive, 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 with us and we’ve included landlord case studies to demonstrate the depth of borrower circumstances we are dealing with on a regular basis.”

According to the findings, the most common number of properties for landlords is between two and four with one in ten now using a Ltd Company structure for their investments.

84 per cent of landlords are looking to maintain or increase the number of properties they have over the next 12 months. 16% are looking to reduce the number of properties they have over the next 12 months.

Property maintenance, care of property and tenant behaviour are the top three concerns keeping landlords awake at night.

Half of landlords agree that tax changes have reduced the number of private landlords while a third think the changes have increased rents but only 1 per cent think they have contributed to an increase in quality of rental property.

Only 15 per cent of landlords are seeking out specialist tax advice about their rental properties.

Of those landlords using a mortgage to purchase their BTL properties only 42 per cent are using a specialist BTL mortgage broker

Doug Hall, 3mc director, said: “The report is a must read for any brokers operating in the buy to let space as well as a downloadable guide for landlords who want to know which areas of the country will provide the best yields.

It 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. It also cements The Mortgage Lender’s position as a market-leader in the buy to let real life lending.”

To read the full report click here

Report by Warren Lewis – propertyreporter.co.uk

Recent Blog Posts

The current best area's to invest £500k in property

Navigating the UK property market from an investment point of view can be a task in itself, but in the midst of a pandemic and market instability it can seem overwhelming. So where do you start? The latest research by the peer to peer lending platform, Sourced Capital, has taken…

New Guidence On Moving Home

  Anyone in England can now move home as long as health guidance can be followed. This applies to both renters and buyers. The law previously only allowed moving home if you had reasonable grounds for doing so at this time. That restriction was necessary and appropriate at the time,…

House prices forcast to drop 13% this year

The housing market is expected to fall by up to a sixth as thousands of Britons lose their jobs. Yorkshire and East Anglia are expected to be the hardest hit with house prices dropping 16.5 per cent this year. Next come the North-West and West Midlands with 16 per cent…