Over half (52%) of the nation\u2019s property investors expect to purchase new properties in the next 12 months, despite upcoming regulatory changes, Landbay research shows.<\/p>\n
This marks an uptick in confidence, as following the Autumn Budget at the end of October only a third (27%) of landlords said they planned to purchase more.<\/p>\n
The Budget was particularly notable for increasing the stamp duty surcharge on investors from 3 to 5%.<\/p>\n
Rob Stanton, sales and distribution director at Landbay, said: \u201cWhile there are those that try to talk down the BTL sector and focus solely the obstacles, it is fantastic to see many landlords are still looking at the opportunities. \u2018<\/p>\n
\u201cWhether it be high tenant demand, strong rental yields or viable investment opportunities up and down the country, landlords are setting their sights on growing their portfolios \u2013 which is fantastic news for the one-in-five households that rely on the private rented sector.<\/p>\n
\u201cBTL lenders \u2013 including Landbay \u2013 continue to demonstrate that they are ready and willing to lend to support landlords and their ambitions.<\/p>\n
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\u201cFurthermore, the sector is supported by tremendous advisers who are well placed to help landlords of all sizes to identify growth areas and navigate both their local market and the wider sector amid changing policy, legislation and economic conditions.<\/p>\n
\u201cContinued innovation from lenders and expertise from advisers is the winning combination landlords need to expand with confidence.\u201d<\/p>\n
Nearly two thirds of those intending to buy (64%) say they will factor in the stamp duty increase into their negotiations. Just over half (52%) intend to purchase homes that require little to no modification to meet future EPC deadlines.<\/p>\n
Landlords plan to buy on average three more rental properties, with the biggest intension coming from those who currently own less than four properties.<\/p>\n
The biggest proportion of those looking to buy is landlords with rental properties in the South East (25%), followed by London and then the North West of England.<\/p>\n","protected":false},"excerpt":{"rendered":"
Over half (52%) of the nation\u2019s property investors expect to purchase new properties in the next 12 months, despite upcoming regulatory changes, Landbay research shows. This marks an uptick in confidence, as following the Autumn Budget at the end of October only a third (27%) of landlords said they planned to purchase more. The Budget […]<\/p>\n","protected":false},"author":1,"featured_media":3052,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n