Buy to let landlords are looking to expend their portfolios
According to research, Buy to Let Landlords are planning to add one or more property to their portfolios.
One in 10 BTL Landlords plan on expanding their portfolio within the coming months.
Buy to Let investments are continuing to deliver significant returns on investment; Given this factor, it is expected that buy to let purchases are likely to continue rising in popularity.
Research from Simply Business shows that 10% of BTL investors are looking to add one or more BTL property to their portfolio. This figure has risen by 7% since the end of last year.
Demand from private renters continues to rise. As a result, Buy to Lets are outperforming other asset classes significantly.
Many investors have turned to residential property in order to make returns on their savings. Rates from banks remain low, this has pushed many investors into the property sector.
Low mortgage borrowing rates, increasing demand from renters and the current stamp duty holiday have all led to individuals turning to property as a way to supplement income.
CEO of Simply Business, Alan Thomas argues that the coronavirus outbreak has drastically changed renters’ attitudes. This has led to a greater need for Buy to Let landlords in the UK.