Portfolios increasing:

Nearly half (45%) of landlords with two or more properties expect to increase the size of their portfolio in the next few years a recent survey has revealed.

More than half (58%) of homeowners would also like to become a buy-to-let landlord if they could afford it.

With the recent High Court ruling that Theresa May does not have the power to trigger Article 50 without parliament’s consent, the survey shows beyond doubt the UK buy-to-let market remains resistant to the economic uncertainty of Brexit.

More than half of landlords (55%) think that the vote to leave the EU will make no difference to their BTL investments – and one in five (20%) believe Brexit will benefit their business.

Despite a number of events which were expected to have a negative impact on the sector, homeowners and landlords continue to see buy-to-let as a solid long-term investment. One of the biggest lenders in this field commented “It’s really encouraging to see such confidence in the market, and we are particularly pleased to see that the Mortgage Affordability Index has risen to record highs. “Landlords do, however, need to be aware of the impact that George Osborne’s tax changes will have on the sector and ensure that provisions are made to protect against this.”

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