Over half of the UK's buy-to-let landlords are likely to maintain or increase their property portfolios over the next 12 months, suggests a survey, because they have owned rental property for more than three years.
Research commissioned by the Council of Mortgage Lenders – into the thinking of 1,300 buy-to-let private landlords – reveals three quarters of landlords who have owned property for more than three years own more than one property, while more than eight out of ten (86%) expand or maintain their portfolios providing they can meet mortgage payments. According to the study, the main factors which would prompt landlords to decrease their buy-to-let porfolios were rents being insufficient to cover the mortgage – according to 49% - and rising interest rates (cited by 47%). Falling prices do ...
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