A new study by Landbay suggests 42% of buy-to-let landlords (BTL landlords) intend to increase their property portfolio in the next 12 months. Also, of the landlords who say they intend to buy more property in this time, 79% say they don’t plan on selling their existing property portfolio.
Paul Brett, Landbay’s managing director, intermediaries said: “Rather than a ‘mass exodus’, this latest data shows a real statement of intent among landlords to not only maintain their existing portfolios but to expand. This is hugely encouraging given the myriad of challenges facing landlords and the wider buy-to-let sector. Landlords will be encouraged by the news of rates trickling down recently. With the new year bringing lots of positive indicators for the year, plus strong rental yields still reported by many respondents, landlords clearly have the confidence to push ahead with expansion plans.”
Of course, it is imperative you find the best location to buy your BTL property in, and this is something we can help you with. At David Harris & Co, we believe Finchley is an excellent destination, offering so much of the best of London, for tenants and landlords.
This is great news because a recent study indicates London is the leading destination for BTL landlords. This isn’t a shock, the size of London means it should be considered on its own merits as opposed to being considered alongside the rest of the UK market, but there is no getting away from this being the destination people want to live in.
The review looked at BTL insurance policies, and of the 100,000 considered by Simply Business, 39,000 were for properties in the capital.
Alan Thomas UK CEO at Simply Business, said: “The private rental sector houses over 17% of British households, with landlords taking on capital risk to provide the product of housing to those who otherwise might not be able to afford it. Though London remains unrivalled for its demand for buy-to-let properties, we are seeing northern cities including Liverpool and Leeds come into the top 10. It is wholly encouraging that our data shows that landlords view a broad spread of regions as attractive areas to invest this year.”
If you need any assistance in the London rental market, we are on hand to assist you, so get in touch with us today.
We have assisted many Finchley landlords connect with tenants, and we know where these groups are looking for rental property. You can take the stress out of connecting with your ideal tenant by turning to a local letting specialist in Finchley.
If you want to make an informed decision in and around Finchley’s letting market, we are here for you. If you have any questions about the local market, or you need assistance, please contact David Harris & Co today. Call us on 0208 346 9122.
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