In for the long term
The Mortgage Lender has published a report which reveals that 84% of landlords say they are committed to the buy-to-let market and looking to maintain or increase the number of properties in their portfolios over the next 12 months.
The specialist lender’s report named The Landlord Experience, includes research among a panel of residential landlords, it reveals half of all landlords agree tax changes have reduced the number of private landlords.
Meanwhile, just one in eight landlords is seeking out specialist tax advice to help them manage their portfolios while only four in 10 are using a specialist buy-to-let mortgage broker when organising their borrowing.
Other finds are as follows:
The most common number of properties for landlords is between two and four – 45%
One in ten landlords is now using a limited company structure for their investments – 11%
84% of landlords are looking to maintain or increase the number of properties they have over the next 12 months
16% looking to reduce the number of properties they have over the next 12 months
Property maintenance, care of property and tenant behaviour are the top three concerns keeping landlords awake at night
Only 15% of landlords are seeking out specialist tax advice about their rental properties.
Of those landlords using a mortgage to purchase their buy-to-let properties only 42% are using a specialist buy-to-let mortgage broker.
The special report provides an in-depth guide to the buy-to-let market, including landlord obligations and yields around the country.
If you would like to know more about a new or re-mortgage please do make contact and one of our independent advisers will be happy to assist.