Over half (52%) of the nation’s property traders count on to buy new properties within the subsequent 12 months, regardless of upcoming regulatory adjustments, Landbay analysis reveals.
This marks an uptick in confidence, as following the Autumn Funds on the finish of October solely a 3rd (27%) of landlords mentioned they deliberate to buy extra.
The Funds was notably notable for rising the stamp obligation surcharge on traders from 3 to five%.
Rob Stanton, gross sales and distribution director at Landbay, mentioned: “Whereas there are people who attempt to speak down the BTL sector and focus solely the obstacles, it’s improbable to see many landlords are nonetheless wanting on the alternatives. ‘
“Whether or not it’s excessive tenant demand, robust rental yields or viable funding alternatives up and down the nation, landlords are setting their sights on rising their portfolios – which is improbable information for the one-in-five households that depend on the personal rented sector.
“BTL lenders – together with Landbay – proceed to show that they’re prepared and prepared to lend to help landlords and their ambitions.
“Moreover, the sector is supported by great advisers who’re nicely positioned to assist landlords of all sizes to determine progress areas and navigate each their native market and the broader sector amid altering coverage, laws and financial circumstances.
“Continued innovation from lenders and experience from advisers is the profitable mixture landlords must broaden with confidence.”
Almost two thirds of these intending to purchase (64%) say they may issue within the stamp obligation enhance into their negotiations. Simply over half (52%) intend to buy properties that require little to no modification to satisfy future EPC deadlines.
Landlords plan to purchase on common three extra rental properties, with the most important intension coming from those that at present personal lower than 4 properties.
The largest proportion of these seeking to purchase is landlords with rental properties within the South East (25%), adopted by London after which the North West of England.
