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Positive outlook for BTL Britain, reports Aldermore

The past two years have been rife with changes in the BTL market. However, despite the challenges the industry faces, a new report by Aldermore has revealed that private landlords are feeling positive about the future of the market, and the opportunity it presents.

Despite predictions the market will shrink, more than two in five landlords (44%) believe the PRS will grow, with one in six (17%) hoping to expand their own BTL portfolio over the next year. Amongst ‘portfolio landlords’ (those with at least four properties), over two-fifths (41%) are in a position to expand their portfolio over the next 12 months.

Many of those who are looking to expand are doing so because they still see the rental market as a good investment opportunity, with yields far outpacing current savings rates. Many also acknowledge the opportunity, with the increasing demand for rental properties particularly amongst millennials, many of whom cannot afford to get on the property ladder.

Less than one in ten (8%) of private landlords intend to reduce the number of properties they own. This is predominantly due to ongoing government actions. When asked, many cited too many restrictions and higher taxes while some believe that tenants are being protected to the detriment of the landlord.

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