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Wed 08 Feb 2023

Good news for letting agents

Good news for Letting Agents!

"42% of BTL landlords intend to invest in additional properties this year.

The buy-to let- mortgage service’s quarterly survey also found that of those landlords investing in more properties, 79% have no intention of selling any of their existing portfolios.
21 per cent of respondents said they have not made any decisions on whether to buy extra properties and most will be waiting to see what happens in the market.

On the other hand 37% of those not investing further are perfectly happy with the state of their existing portfolio, of which 64% are not planning to sell any properties.

A spokesperson for the service, says: “Rather than a ‘mass exodus’, this latest data shows a real statement of intent among landlords to not only maintain their existing portfolios but to expand. This is hugely encouraging given the myriad of challenges facing landlords and the wider buy-to-let sector.
“Landlords will be encouraged by the news of rates trickling down recently. With the new year bringing lots of positive indicators for the year, plus strong rental yields still reported by many respondents, landlords clearly have the confidence to push ahead with expansion plans.” "

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