Survey reveals landlords are optimistic amid uncertainty

Survey reveals landlords are optimistic amid uncertainty

0:03 AM, 21st February 2024, About 2 months ago 1

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Despite a gloomy private rented sector filled with uncertainty, one lender group reveals landlords are continuing to invest in the rental market.

According to the OSB group, seven in ten (69%) of landlords have already or are planning to increase the size of their property portfolio, increasing to 77% of professional landlords.

Nearly half (42%) of landlords feel optimistic about operating as a landlord in the future.

Foster positive relationships with tenants

According to the research, the top reasons for being a landlord are earning potential and the ability to pass down wealth and inheritance to future generations, followed by investing in a fixed asset and having a positive experience in tenants’ lives.

Three-quarters of landlords say they are engaging or planning to engage with tenants to understand their needs better and foster positive relationships in the next 12 months.

A quarter (25%) of landlords have also expressed their desire to positively impact tenants’ lives in the future.

Landlords play a critical role in society

Jon Hall, group managing director of mortgages and savings at OSB Group, commented on the results.

He said: “Landlords play a critical role in society, and this research clearly demonstrates that they are optimistic and committed to the future of the sector.

“The actions landlords are taking, such as future financial planning, investing in the growth of their businesses, and building better tenant relationships, are a clear sign of their drive to improve the PRS for the long-term despite the many headwinds.

“We hope to see this continue over the next 12 months and longer”.

According to the data, many landlords are also planning to take advice on their tax position. Nearly two-thirds of landlords (65%) are considering or have already transitioned to become limited companies or incorporated entities.

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10:25 AM, 21st February 2024, About 2 months ago

Says a Buy to Let Lender!

Who were survey?
OSB Group customers?
How many?

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