One in five landlords plan to stay in the buy-to-let market indefinitely, with the same number of portfolio landlords foreseeing the same, according to the latest sentiment research from Foundation Home Loans.
Unfazed by recent regulatory and tax changes paving the way for exit and indications of a ‘mass exodus’, 18% of landlords said they would expect to remain a landlord indefinitely, and 19% of landlords with four properties or more said the same. This is the same across the age groups: one in ten landlords aged 18-34 intend to remain indefinitely, rising to 17% of those aged 35-54 and 20% of those aged 55 and over.
At a regional level, a quarter - 24% - of landlords in the East of England – more than any other region – said they had no plans to leave the market, a sign of the draw of rental property in the commuter belt.
On the flip side, 6% of all landlords questioned said they only intended to remain a landlord for the next one to two years.
The research also found that existing portfolio landlords expect to stay invested in the market for an average of 15 years, compared to 10 years for non-portfolio landlords.
Furthermore, 20% portfolio landlords have been a landlord for 16-20 years.
Jeff Knight, marketing director, Foundation Home Loans, said: “There have been ripples of concern that a mass exodus of landlords is expected, and certainly the changes introduced are a handful to deal with if not addressed in the right way. But this is clearly an exaggerated view of the market.
“With so much interest in investing in the long-term, it is therefore imperative that newer landlords are sufficiently supported to avoid any knee-jerk exits. This is particularly the case for portfolio landlords as diversification is key to maintaining cashflow.
“Seeking the help of a financial adviser will help landlords navigate these hurdles, professionalise their approach and ultimately ensure they can remain in the market.”
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i first got into buy to let in the 80s as such many of my properties owe me peanuts, i'm here to stay.
I can't believe this article - "24% - of landlords in the East of England – more than any other region – said they had no plans to leave the market". SO 76% OF LANDLORDS HAVE PLANS TO LEAVE THE MARKET!!!
To print it as you have pointed out would be very negative. Most people only want good news. So - statistics can prove whatever you want provided you look at them from the right perspective!
Printed as it is, it sounds very positive - and extremely misleading!
What a complete load of tripe.
We are getting out and the faster the better.
Positive headline .so 80% want out asap more than likely !
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