Future looking bright for the majority

Eight out of ten landlords (84%) say they will expand their buy-to-let (BTL) portfolio over the next 12 months, according to a recent report.

In a report entitled ‘The Mortgage Lender: Buy to let: The Landlord Experience’, conducted by One Poll with 100 landlords, half agreed that tax changes have reduced the number of private landlords.

However, only 1% said they think that has led to an increase in quality of rental property.

It also highlighted that only one in eight landlords had arranged specialist tax advice to help them manage their portfolios while only four in 10 used a specialist buy-to-let mortgage broker when arranging borrowing.

This is despite 45% stating that they already owned between two and four properties.

This special report provides an in-depth guide to the buy-to-let market, including landlord obligations and yields around the country.

The report 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.

According to the report, property maintenance, care of property and tenant behaviour were the top three concerns for landlords.

This year has seen a significant increase in mortgages available to landlords and surprisingly only the minority have increased interest rates. Many landlords are taking advantage of these beneficial rates by re-mortgaging. The most popular deal for landlords at present is the longer-term fixed deals offering more security.

Can we help?

If you are a landlord and would like to secure a new or re-mortgage, please do make contact and one of our fully qualified independent advisers will be happy to assist.