More landlords are refinancing portfolios to fund buy to let growth

More than three-quarters of landlords are considering refinancing their existing portfolios to fund further buy to let investment over the next year, according to specialist lender Together.

Most of that investment is heading to the north of England and Scotland.

The lender’s research found 76% of landlords were likely to refinance during the next 12 months to release capital for further property purchases.

Of those surveyed, 36% said they were ‘very likely’ to refinance, while another 40% were ‘somewhat likely’ to do so.

Just 12% said they were unlikely, with the remaining respondents neutral.

The plans come as landlords adjust to 0regulatory changes, including the Renters’ Rights Act, while looking for ways to expand their holdings through equity built up in existing properties.

Buy to let investment

The firm’s chief strategy officer, Russell Anderson, said: “The fact that more than three-quarters of landlords are considering refinancing across their portfolios to fund further investment demonstrates the resilience of the UK buy to let sector.

“Rather than sitting on existing assets, many investors are looking to release equity and reinvest, signalling confidence in future market opportunities.

“They are also seeking finance across their entire existing portfolios to expand their property ambitions.”

He added: “At the same time, funding data shows a clear concentration of activity across England, particularly in northern regions such as the North West, Yorkshire and the North East.

“Investors continue to be attracted by locations where affordability, rental demand and long-term growth prospects remain compelling.”

Regional BTL investment

Together’s buy to let lending figures show the North West, Scotland and Yorkshire and the Humber have increased their share of its funding since 2020.

The North West’s share rose by 3.3 percentage points between 2020 and 2025.

Scotland recorded a two-point increase, while Yorkshire and the Humber gained 1.1 points.

Greater London and the South East accounted for 20% of the lender’s BTL funding in 2025, compared with 23.6% five years earlier.

The company attributed the regional shift to landlords searching for stronger yields in areas with lower property prices and potential for capital growth.

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