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UK landlords don’t want out

According to The Money Centre, UK landlords are still committed to buy-to-let in the long-term despite recent market turbulence.

In a survey of almost 500 landlords, over half said they expect to stay involved in property letting for more than 10 years. Around 26% said they expect to stay involved in property letting indefinitely, 5% for over 20 years, 22% for 11-20 years and 19% for 6-10 years. Around 17% said less than 5-years and 11% said they were unsure. Additionally, only 13% of landlords questioned said they were likely to sell any letting property during the next quarter.

Lynsey Sweales, marketing and PR director of The Money Centre, said: “We welcome the news that the vast majority of landlords don’t seem to be making snap decisions and selling properties in panic over the recent market instability.

“This year is likely to offer opportunities for investors who can capitalise on the uncertainty in the market and continued rental demand. Buy-to-let has become more and more accessible over recent years and we expect to continue to see landlords build on their existing property portfolios as well as see people join the buy-to-let market for the first time, whether that be in order to get on the property ladder, to supplement their income or to secure their financial future.”

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