Eight out of ten landlords (84 per cent) 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 according to a special report from The Mortgage Lender: Buy to let: The Landlord Experience.
The special report, which includes research among a panel of residential landlords, also reveals half of all landlords agree tax changes have reduced the number of private landlords but only 1 per cent think that has led to an increase in quality of rental property.
And it highlights that only one in eight landlords is seeking out specialist tax advice to help them manage their portfolios while only four in ten are using a specialist buy to let mortgage broker when organising their borrowing.
The Mortgage Lender deputy chief executive Peter Beaumont said: “Our special report provides an in-depth guide to the buy to let market, including landlord obligations and yields around the country. Our panel of landlords have shared their worries and opinions with us and we’ve included landlord case studies to demonstrate the depth of borrower circumstances we are dealing with on a regular basis.”
3mc director Doug Hall said: “The report is a must read for any brokers operating in the buy to let space as well as a downloadable guide for landlords who want to know which areas of the country will provide the best yields.
“It provides a snapshot of how landlords feel about the market, their tenants and the impact the myriad of changes has had on their portfolio intentions. It also cements The Mortgage Lender’s position as a market-leader in the buy to let real life lending.”
The Mortgage Lender is an intermediary-only mortgage lender. It provides real life lending choices for a wide range of borrowers including employed, self-employed, those with impaired credit, lending into retirement and buy to let investors.
This year it launched help to buy residential mortgages and its first buy to let remortgage product. It also completed its first UK mortgage-backed securitisation of residential assets for £238.5m.
Download the full report at here