According to specialist mortgage lender, Foundation Home Loans, one fifth of landlords are prepared to remain in the buy-to-let market in the long-term despite fears of landlords leaving the market.
Successive tax and regulation changes affecting the private rented sector have led to concerns of a potential ‘mass exodus’ of landlords.
However, only 6% of landlords asked said they plan to leave the sector within the next few years.
The research from Foundation Home Loans shows that investment in the buy-to-let sector remains a preference for many investors, regardless of any changes which may impact the amount of income they receive from their property or portfolio of properties.
Marketing Director at Foundation Home Loans, Jeff Knight, said: “There have been ripples of concern that a mass exodus of landlords is expected, and certainly the changes introduced are a handful to deal with if not addressed in the right way.”
Knight continued: “With so much interest in investing in the long-term, it is therefore imperative that newer landlords are sufficiently supported to avoid any knee-jerk exits. This is particularly the case for portfolio landlords as diversification is key to maintaining cashflow.”
For further information, click below:
Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.
The National Residential Landlords Association (NRLA) is calling on the government to agree an extension for gas and electrical safety certificates during the coronavirus crisis.
Read the statement on COVID19 from Assetgrove and how we will be contiuning to help landlords and tenants.
With just a few days unti General Election 2019, find out the pledges made by the three main parties’ manifestos regarding the private rented sector
