A recent survey indicates that over a third (38%) of landlords in the UK hope to expand their property portfolios in the coming year [1].
How will landlords fund their ambitions?
When asked how they plan to finance their portfolio expansion, 40% of landlords expressed intentions to unlock capital from their existing properties. Meanwhile, 35% would not be opposed to taking out another mortgage or loan, and 25% would partner up with someone else to make their expansion plans possible.
Getting their priorities straight
The research also delved into the investment goals of landlords over the next year. The priority of nearly half (45%) of respondents is increasing the value of their properties, while 38% want to boost their rental income. A few (17%) of those surveyed would like to diversify their portfolio.
Not everyone has plans to expand
There are some landlords who intend to concentrate on the property they already own in the next twelve months, rather than buying more – 42% want to focus on renting out their current properties, while 20% hope to renovate.
[1] Lendlord, 2024
🚨 Data accurate as of the date of publication – 18.06.2024
🚨Information within this blog is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed.
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Source: Quilter Financial Planning – Essentially Mortgages Q2 2024
