A recent survey¹ has found that, despite the pressures on the property market, nearly a third of buy-to-let landlords plan to expand their portfolio next year.
44% of those with hopes to buy are portfolio landlords who already own at least 11 properties. When asked about their motivation, just over a third said they were driven by the fall in UK house prices, while 38% of landlords put it down to the increase in tenant demand.
However, not everyone is feeling so optimistic; 43% of respondents did not envisage purchasing any property in 2024 – some cannot afford it, while others are put off by the high interest rates.
We can help you expand your portfolio with confidence – get in touch for mortgage advice.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.
¹Landbay, 2023
