BTL landlords plan to stay in the sector

26 February 2024

Despite bracing themselves for an 80% increase in the cost of borrowing, buy-to-let (BTL) landlords remain optimistic as over half intend to buy more property in the next five years according to a survey [1].

Meeting increased tenant demand.

With only 21% of mortgaged landlords expecting to sell property, many are hopeful that supply will begin to meet the increased demand for rental properties. Kate Davies of IMLA commented, “It is a great relief that so many plan to stay in the sector and increase supply when they can.”

Making the most of lower prices.

BTL landlords are not only motivated by the rising demand from tenants – in another study [2], 34% of those with plans to buy said they were driven by the fall in asking prices. This is particularly prominent in areas where property is not usually as expensive, such as the Midlands.

Others proceeding with caution.

Not everyone is so keen to build their property portfolio, with 43% not looking to buy in 2024. The higher interest rates have acted as a deterrent, as has the much anticipated and delayed Renters (Reform) Bill, which is currently making its way through Parliament before it can pass into law.

[1] IMLA, 2023,

[2] Landbay, 2023

If you’re looking to expand your property portfolio this year, get in touch for mortgage advice.

🚨 Data accurate as of the date of publication – 26.02.2024

🚨Think carefully before securing debts against your home.  Your home may be repossessed if you do not keep up repayments on your mortgage.

🚨Some Buy to Lets are not regulated by the Financial Conduct Authority.

🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.


Source: Quilter Financial Planning – Essentially Mortgages Q4 2023

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