10 Dec

Many landlords set to expand portfolios

Many landlords set to expand portfolios

Many landlords are considering increasing the number of properties in their portfolio over the coming year, according to new research.

A survey conducted by online letting agent PropertyLetByUs found more than half of the UK's landlords are set to expand their property holdings in 2015 because they are enjoying strong returns.

Overall, 50 per cent of landlords involved in the research have enjoyed yields of between six and eight per cent in the past 12 months, with ten per cent seeing yields of more than eight per cent.

Increasing house prices have also meant many landlords have seen a rise in their equity levels, with a third reporting a current loan to value rate of between 30 and 40 per cent.

"Landlords have enjoyed good rental yields and increased asset values in 2014," said Jane Morris, managing director of PropertyLetByUs.

She added: "Over the last year, we have seen a surge in landlords across the UK using our website, particularly in the North, London and the South East. We have also seen a sharp rise in the website’s advertised properties, up by 50 per cent since May 2014."

The research also found that only around 25 per cent of landlords are set to sell some of their buy-to-let properties in 2015, with the majority preferring to hold on to their investments due to strong demand from tenants.

In total, 41 per cent of landlords felt tenant demand was growing or booming and 51 per cent said demand had continued to be stable.ADNFCR-1222-ID-801765130-ADNFCR

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