A new survey has revealed that nearly half of landlords are thinking of expanding their buy-to-let property portfolios according to report on LandlordToday.co.uk
In the article the Property Investor survey, undertaken by Mortgage for Business, showed that despite the introduction of the 3% stamp duty surcharge in 2016 for the purchasing of additional homes, as well as the current phasing out of mortgage tax relief hasn’t dampened the investment appetite for landlords. In fact the survey, which was carried out over a two week period via their existing clients and social media, indicated that 48% of landlords that took part are looking to purchase additional buy-to-let properties. This is up on last November’s figure (45%) and only 41% a year ago.
Mortgage for Business’s chief operating officer Steve Olejnik said “Although we expect buy-to-let lending to reduce somewhat this year, these results demonstrate that landlords are a resilient bunch, capable of adapting their investment strategies to successfully accommodate the new fiscal and regulatory landscape”