The intention to invest in property looks as strong as ever and while there are signs that new landlords are hoping to enter the market, there is also mounting evidence to suggest existing investors are looking to grow their buy-to-let portfolios in 2021.
When 900 landlords were questioned about their future plans by one specialist mortgage lender, the results showed 19% of respondents intended to purchase additional buy-to-lets in the coming 12 months.
Those already managing larger portfolios were found to be the keenest to buy extra investment properties, with 31% of those with eleven to nineteen properties harbouring expansion plans. Additionally, 28% of those who manage twenty or more buy-to-lets intend to increase the number of investment properties they have.
Ways to expand your buy-to-let portfolio:
If you are an existing landlord with plans to purchase more buy-to-let properties, you may like to consider the following options:
If you would like any lettings, property management or buy-to-let purchasing advice, please contact our team today.
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