Landlords looking to expand

The proportion of landlords looking to expand their portfolios is higher than the percentage who are looking to scale back for the first time in four years. The survey of 900 landlords found that 19% of landlords are looking to add to their portfolio in the next year, while 17% are planning to sell at least one property.

The percentage planning to sell is down from the previous two quarters and back to the same level seen in Q2 2020.

Landlords with between 11 and 19 properties are likely to be the most acquisitive as 31% are planning purchases, while 28% of those with 20 or more properties intend to buy more in the next year.

Meanwhile, 26% of landlords operating in the East Midlands and the 24% of those operating North East are planning purchases. Despite landlords in Wales reporting higher tenant demand, 28% are planning to sell property in the next year.

News that for the first time in over four years more landlords are intending on buying than selling is fantastic. This is because not only is it good for the industry but, more importantly, it is good for tenants.

More investment in the private rented sector contributes to higher standards, a moderation of rents and more choice for the millions who rely on the private rented sector for flexible, affordable housing. During the uncertainty of the past year or so, the role of the private rented sector has become increasingly important, evidenced by the extremely high levels of demand we have seen for some time now, it’s great to see landlords are responding to this.

If you would like to know more about a new or re-mortgage please do make contact and one of our independent advisers will be happy to assist.