Landlords are not quitting at all, claims mortgage firm survey

Against the trend of many recent surveys, a study by lending service Landbay claims over 40 per cent of landlords want to expand their portfolios in the next year.

It says 41 per cent plan to buy more property in the next year with one of the biggest justifications being high tenant demand.

A third of respondents said a potential drop in house prices was also a reason.

The strongest intention to buy came from landlords with 11 to 20 properties already; of this group 54 per cent are apparently planning to expand their portfolio. 

Some 40 per cent of landlords with more than 20 properties share the same sentiment.

Paul Brett, Landbay’s intermediaries managing director, says: “Once again high tenant demand serves as a key driver for landlords to consider expanding their property portfolio. 

“And while house prices have remained more robust than some landlords previously predicted, high rental yields are clearly still tempting some to explore the sales market.

“Rather than the buy to let market languishing and lots of landlords exiting as some commentators have suggested, this data shows landlords are still seizing the opportunities available. 

“We mustn’t forget those that are undecided though, bogged down by the state of the wider market or the anti-landlord environment we find ourselves in.

“For those that are still undecided, it’s important we all rally behind these landlords. We’re playing our part through constant innovation and expanding our product line to help meet a broad range of landlord requirements.”

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