UK landlords plan to grow their portfolios this year

18 June 2024

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.

🚨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 Q2 2024

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