![Landlord sentiment running high with majority not intending to sell up: Landbay Paul Brett 750](https://barcadiapublications.fra1.cdn.digitaloceanspaces.com/property-reporter/img/article/paul_brett_750-14950.png?v=b5776d04239546864eb3d80315d3fd58)
"While it’s certainly the case that some landlords are trimming their portfolios in the current climate, our latest data demonstrates that the majority are not looking to make any cuts at all."
Findings from Landbay’s latest quarterly survey, which aims to find out the attitudes and intentions of existing landlords, have revealed that 64% of landlords have no intention to sell any of their stock over the next 12 months, with the strongest sentiment found among landlords with individual properties (75%) and those with smaller portfolios of two or three properties (69%).
However, 65% of landlords with more than 20 properties shared the same intention.
Respondents were quizzed on a range of topics to determine the key factors facing the sector and their thoughts on the future of the buy-to-let market.
According to the data, the number of landlords planning to sell some properties did increase slightly from 28% in the previous survey to 30%. Only 6% plan to sell all their properties with respondents split across small, medium and large landlords.
As to be expected, the deciding factor for 60% of landlords intending to sell is rising interest rates – an increase from 45% in the previous survey, while 45% said rent doesn’t cover their mortgage costs – up from 28% in the Q4 2022 survey. Respondents also mentioned landlord taxation (47%), the cost of meeting the proposed EPC requirements (40%) and worries about evicting tenants (34%).
Paul Brett, (pictured) Landbay’s managing director, intermediaries, said: “While it’s certainly the case that some landlords are trimming their portfolios in the current climate, our latest data demonstrates that the majority are not looking to make any cuts at all.
"This is positive news for the wider housing market which is so reliant on rental supply. After all, one-in-five houses in England and Wales depend on the private rented sector (PRS) for housing.
“As a specialist buy-to-let lender, we are always looking at ways to innovate to not only support buyers, but those landlords set to remortgage. With high levels of maturity in the buy-to-let market this year, there will be many weighing up their options in a higher-interest environment.
“For those considering selling, we’d always say it’s worth their time speaking with a broker to find out what is their best possible move, especially when there are lenders like us willing to innovate and find solutions to support landlords in all situations.”