Around 84% of landlords in the UK remain committed to the buy-to-let sector and are keen to grow their property portfolios in 2020.
This was the finding of a recent report compiled by The Mortgage Lender. As well as showing such a large proportion of landlords are keen to grow their portfolio in forthcoming months, the Buy to let: The Landlord Experience report revealed that 50% of residential landlords in Britain are of the opinion that the tax changes implemented in the rental sector in recent years has reduced the number of private landlords in the UK.
Just 1% of the landlords that participated in the study said they think the government’s interventions in the sector have contributed to an improvement in the quality of rental properties.
Another key finding of the report is that 45% of landlords own between two and four buy to let properties and 11% of landlords manage their investments through a limited company set up.
Shedding more positive light on the buy to let sector is a separate report which shows void periods for landlords have dropped across the country.
The research shows that landlords in England and Wales now face, on average, just 11 days of void time between tenancies. This is the lowest level ever recorded by Goodlord.
Goodlord’s research also found that August saw average rents increase in all but eight of the regions it monitored. The average monthly rent in August was £1,684pcm, an increase of 5% from July.
If you are wanting to purchase property to rent out or want to expand an existing buy-to-let portfolio, buying property in auction can be the perfect way to get an ideal investment property and for the right price.
Check out the properties we have confirmed for our next property auction in London.