According to the latest report from The Mortgage Lender, 84% of landlords 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 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.
Peter Beaumont, The Mortgage Lender deputy chief executive, 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.”
According to the findings, the most common number of properties for landlords is between two and four with one in ten now using a Ltd Company structure for their investments.
84% of landlords are looking to maintain or increase the number of properties they have over the next 12 months. 16% are 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.
Half of landlords agree that tax changes have reduced the number of private landlords while a third think the changes have increased rents but only 1% think they have contributed to an increase in quality of rental property.
Only 15% of landlords are seeking out specialist tax advice about their rental properties.