Wednesday, November 1, 2023
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Three in 10 (32%) buy-to-let landlords intend to buy property in the next 12 months, according to Landbay's latest survey. Almost four out of five of these landlords (78%) said they are building their portfolio with 38% citing an increase in the number of tenants and 34% are swayed by a potential drop in house prices. The lender's survey found 43% of landlords were not looking to buy property with the main reason being lack of funds.
Rob Stanton, Landbay's business development director, said: “Despite the various pressures buy-to-let landlords are facing, there is still an appetite for further house purchase. We know there is a big demand for rental property and this is one of the reasons landlords are actively looking to expand their portfolios.”
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