Landlords holding firm – for now

4 December 2023

Two in three buy-to-let landlords have no plans to sell any of their properties in the upcoming year, according to new research (1) that puts a different perspective on the predicted backlash to the Renters Reform Bill.

Selling spree?

The Renters Reform Bill was introduced to Parliament in May 2023 and includes several measures that landlords fear will reduce their returns. While some had predicted a selling spree in response, it seems that most landlords are holding onto their investments – for now.

One, two, three

Landlords with a single property (75%) and those with two or three (69%) are most likely to hold onto all their properties. For those looking to sell, rising interest rates are the main motivation for six in 10, a 15% jump on the previous survey.

(1) Landbay, 2023

🚨 Data accurate as of the date of publication –04.12.2023

🚨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 Q4 2023

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