The latest UK Landlords’ Report from specialist finance brokers Finbri reveals some interesting data about the current rental market from landlords’ perspectives.
From January to March, they surveyed 755 landlords in the UK to gauge their attitudes toward various hot topics affecting the private rental sector.
They found a ‘cautious positivity’ for the rest of 2024. Most landlords (58%) do not believe they will have issues surrounding the affordability of buy-to-let mortgages this year. Over half of UK landlords plan to invest this year (51%), while 20% are undecided.
Most landlords (71%) saw a rise in demand over the past year, and 51% said they plan to increase rent to cover additional costs. On the other hand, 60% responded that they would consider reducing rent to hold onto reliable tenants.
Let’s examine how this affects buy-to-let property investments in 2024.
