Landlords eye portfolio growth in 2024

Landlords eye portfolio growth in 2024

0:02 AM, 5th March 2024, About 5 months ago 3

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Nearly four in 10 (38%) landlords are keen to add more properties to their portfolio in the next year, while two in 10 (20%) are planning to refurbish their existing properties, a survey reveals.

The research from Lendlord found that 42% will focus on renting out their current properties, while 17% will seek to diversify their portfolio with different types of properties.

The digital platform for property investors and landlords gathered responses from more than 200 landlords about their plans for the year.

They also found that the main goal for landlords is to enhance the value of their properties (45%), followed by boosting their rental income (38%).

‘Strong appetite among landlords to grow’

Aviram Shahar, Lendlord’s co-founder and chief executive, said: “Despite the wide range of challenges investors are currently facing, there remains a strong appetite among landlords to grow and invest in their portfolios over the next twelve months.

“Investors are renowned for their entrepreneurial spirit, and the results of Lendlord’s UK Landlord Survey illustrate their determination to capitalise on available opportunities and achieve their investment goals.”

He added: “There is currently high demand for rental property, which alongside the potential for both capital appreciation and steady income growth, continues to make buy-to-let (BTL) investments appealing in the long run.

“The Lendlord user survey depicts a UK property market brimming with activity and ambition in 2024.”

How landlords intend to finance their plans

The survey also revealed how landlords intend to finance their plans with four in 10 (40%) landlords willing to use the equity in their portfolio, while just over a third (35%) will consider taking out a new mortgage or loan.

A quarter (25%) of landlords are open to partnering with others to achieve their property goals.

Landlords also expect some difficulties including market fluctuations (42%) – which is the top worry – followed by keeping up with regulatory changes (38%).

Also, 20% of Lendlord users have concerns about property maintenance management and 82% expressed a wish to continue growing and expanding their property portfolios in future.


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northern landlord

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12:23 PM, 5th March 2024, About 5 months ago

I know that local to me section 21 notices are being sent out at record levels and the local Council is struggling to house people. According to the property press this situation is being repeated over most of the country. This is possibly another company that makes a living out of lending to landlords trying to talk things up. I wonder where their sample of 200 landlords was drawn from? Prospective customers?

Michael Johnson - Amzac Estates

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14:14 PM, 5th March 2024, About 5 months ago

This looks like a very misleading survey and article, if we were asked if we were planning on increasing the size of our portfolio then the answer would be yes. However we are targeting 100% commercial properties or the short term letting market and property abroad so the question should be far more selective as opposed to try and balance out what all of us in the residential letting sector already know that the sector has ground to a halt.

Reluctant Landlord

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18:21 PM, 5th March 2024, About 5 months ago

“The Lendlord user survey depicts a UK property market brimming with activity and ambition in 2024.”

Someone been smoking one of the DWP funded special green ciggies?

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