One in three landlords plan to expand portfolios – Lendlord

Enhancing property value emerges as the top priority for many

One in three landlords plan to expand portfolios – Lendlord

More than a third of landlords, or 38%, are keen to expand their property portfolio within the next 12 months, results of a recent survey from digital property platform Lendlord have shown.

The Lendlord UK Landlord Survey, gathering responses from over 200 landlords, also found that 20% aim to renovate their properties, while 42% plan to focus on renting out their existing properties.

In terms of investment objectives, enhancing property value emerges as the top priority for 45% of landlords over the next 12 months, with increasing rental income a close second at 38%. Additionally, 17% are looking to diversify their investment portfolios within the same timeframe.

The survey also sheds light on the financing strategies landlords intend to employ. Some 40% plan to use existing equity in their portfolios, while 35% are considering new mortgages or loans. A quarter of the respondents are open to the idea of forming partnerships to fulfil their property investment ambitions.

Looking ahead to 2024, Lendlord users have identified market fluctuations (42%) and keeping abreast of regulatory changes (38%) as their primary concerns. Property maintenance management is a worry for 20% of those surveyed.

Long-term aspirations remain strong among the participants, with 82% expressing an interest in further expanding their portfolios. Conversely, 13% aim to concentrate on managing and enhancing their current holdings, and a mere 5% are prioritising the pursuit of steady passive income.

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 12 months,” said Aviram Shahar (pictured), co-founder and chief executive at Lendlord. “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.

“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 investments appealing in the long run.

“The Lendlord user survey depicts a UK property market brimming with activity and ambition in 2024. As the market continues to evolve, Lendlord users are well-positioned to seize opportunities and manage challenges, thanks to their data-driven insights and strategic planning.”

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