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].<\/p>\n
Meeting increased tenant demand. <\/strong><\/p>\n 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, \u201cIt is a great relief that so many plan to stay in the sector and increase supply when they can.\u201d<\/p>\n Making the most of lower prices. <\/strong><\/p>\n BTL landlords are not only motivated by the rising demand from tenants \u2013 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.<\/p>\n Others proceeding with caution. <\/strong><\/p>\n 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.<\/p>\n [1] IMLA, 2023,<\/p>\n [2] Landbay, 2023<\/p>\n If you\u2019re looking to expand your property portfolio this year, get in touch for mortgage advice.<\/p>\n \ud83d\udea8 Data accurate as of the date of publication \u2013 26.02.2024<\/p>\n \ud83d\udea8Think carefully before securing debts against your home.\u00a0 Your home may be repossessed if you do not keep up repayments on your mortgage.<\/p>\n \ud83d\udea8Some Buy to Lets are not regulated by the Financial Conduct Authority.<\/p>\n \ud83d\udea8 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.<\/p>\n <\/p>\n Source: Quilter Financial Planning \u2013 Essentially Mortgages Q4 2023<\/p>\n","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":3,"featured_media":2926,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-2976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\n