Boom time for Buy-to-Let

1 May 2023

Buy-to-let (BTL) lending remains strong as we head into 2023, with more than half of existing property investors planning to invest more into housing in the new year .

Landlords made about 12% of all UK house purchases in 20221 the highest percentage in six years. As house-buying affordability remains low and demand for rental accommodation stays high, the prominence of BTL could be repeated in 2023. Indeed, almost three quarters of those who currently live in privately rented homes are saving for a house deposit, according to a recent survey 10 , but 56% are now less  optimistic that they will be able to save enough to meet their goals. With landlords looking to boost their portfolios, some investment hotspots include Slough, Liverpool and Aberdeen, which all have thriving rental markets and strong predicted growth rates.

1 Finbri, 2022,

2 Hamptons, 2022,

3 Paragon Bank, 2022

🚨 Data accurate as of the date of publication –……

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

🚨 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 Q1 2023

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