The lay of the land
Before the coronavirus crisis kicked in, tax changes in the buy-to-let market had already hit landlords hard. So how are they feeling now?
Well, better than you may have thought. Times have been tough for sure. But there’s a sense of optimism in the air. And it’s certainly not goodbye to buy-to-let.
The here and now
A temperature check
We spoke to buy-to-let landlords up and down the country to find out how they’re feeling about coronavirus.
The cost of coronavirus
The majority of landlords have suffered financially during the pandemic. But it’s not all bad news.
Lots of us have needed a helping hand to get through the coronavirus crisis. And landlords are no exception.
‘I’m uncertain of keeping rental properties as I feel the government has deliberately not supported private landlords.’
Looking to the future
No one’s quite sure what’s going to happen with the property market over the next year or so. And it looks like landlords are divided when it comes to costs.
But landlords do agree on one thing. The impact on property prices will completely depend on where you are in the country.
‘Cities may be hit harder. Homes with more space may be higher in demand.’
Financial support from the government and mortgage lenders has been warmly welcomed by landlords. But how will it impact them when it comes to getting a mortgage?
And when it comes to their property portfolios, that’s not all landlords have to worry about.
‘We were thinking of buying another property, but with uncertainty about jobs, we’ve put this on hold.’
Coronavirus threw us all a curveball. And there’ll be plenty more challenges ahead. But the landlords we spoke to are optimistic about the future.
Since the last time we reviewed the buy-to-let landlord landscape, there’s been a 70% jump in the amount of landlords looking to increase their property portfolio. And 50% of landlords say coronavirus has had no impact on their investment plans whatsoever.
Landlords looking to buy more properties
Landlords looking to sell some properties
We’ll help you navigate the new normal
Like the rest of us, landlords are facing an uncertain future. But where there’s disruption, there’s opportunity. And buy-to-let landlords are in prime position to take advantage.
We’re proud to have continued lending to landlords during the pandemic. And we’ll continue to support brokers and their clients as they navigate this new normal.
There’s plenty more where that came from. Check out more of our handy guides, reports and whitepapers below. These ones are on us.
Tuesday 9th March 2021
Coronavirus: The Impact on mortgage brokers
Tuesday 18th August 2020