Future looking bright for the majority
Eight out of ten landlords (84%) say they will expand their buy-to-let (BTL) portfolio over the next 12 months, according to a recent report.
In a report entitled ‘The Mortgage Lender: Buy to let: The Landlord Experience’, conducted by One Poll with 100 landlords, half agreed that tax changes have reduced the number of private landlords.
However, only 1% said they think that has led to an increase in quality of rental property.
It also highlighted that only one in eight landlords had arranged specialist tax advice to help them manage their portfolios while only four in 10 used a specialist buy-to-let mortgage broker when arranging borrowing.
This is despite 45% stating that they already owned between two and four properties.