Portfolio expansion still a reality for landlords

More established landlords or ‘property professionals’ remain keen to expand their portfolios, despite it being a testing time for many investors in the buy-to-let sector.

A small survey – 109 landlords were included – from MT Finance revealed that 50% planned no changes to their current portfolio setup, while 33% had plans to expand the size of their portfolios.

Though these results are generally positive, challenges remain for landlords. 43% of those surveyed revealed that the greatest challenge over the last year or more has been the additional 3% stamp duty surcharge, which was introduced in April 2016.

Far fewer landlords cited the changes to mortgage interest tax relief as being a main challenge, though this is a measure which is being phased in and will have a greater impact on landlords and their property investments in the years ahead.

General economic uncertainty surrounding Brexit continues to be an issue for some landlords, as revealed by this survey.

Director at MT Finance, Tomer Aboody, said that while concerns among investors remained, “UK property investors remain resilient”.

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