Almost nine out of 10 portfolios have added to their portfolios over the past six months, according to research by Shawbrook.
The lender found that 88% of portfolio landlords (those with over five BTL properties) had added to their portfolios, with a further 25% looking to invest in additional property within the next year, while 22% were looking to purchase multiple properties.
In contrast to this, the research, which consisted of over 1000 residential UK landlords, said just 58% of smaller landlords (those with between one and four rental properties) had added to their portfolios over the past six months.
The findings come despite the Zoopla Rental Market Report for September 2023, saying the UK rented sector remained stuck in a period of low supply and high demand.
Emma Cox, managing director of real estate at Shawbrook, commented: “While the property market remains challenging, it’s encouraging to see professional landlords continuing to invest and seek opportunities to diversify.
“Looking ahead, it will be important for BTL landlords to explore external financing options and lean on specialist lenders. To continue meeting buyer needs in a sustainable way, astute landlords will need to keep thinking one step ahead, adapting their strategies to adjust to the rapidly changing real estate landscape.”
