Paragon highlights the changes in behaviour of both landlords and lenders as tax changes begin to bite
Paragon Q1 2018 PRS Trends survey report highlights a number of interesting changes in behaviour of both landlords and lenders as regulatory and fiscal changes begin to bite the buy-to-let sector.
Research revealed that in the first qtr of 2018 portfolio landlords (6-20) properties increased in number from 35% to 39%, while those landlords with less properties (3-5) decreased in number from 26% to 24%.
The gap between those landlords expecting to buy more properties and those looking to sell is now at its largest since 2009.
John Heron, Managing Director of Mortgages at Paragon said:
“Our latest survey demonstrates how tax and regulatory changes are beginning to drive changes in landlord behaviour, with evidence of polarisation between small landlords and those with more substantial portfolios beginning to emerge.
“Our own experience highlights that landlords with larger portfolios need access to products that cater for landlords with more complex requirements and broader underwriting expertise, increasing the role for specialist lenders in the buy-to-let market.”
Read the Paragon Q1 2018 PRS Trends survey report 18th April 2018 in full click here.
You May Also Enjoy
Autumn Budget doesn’t dampen commercial property outlook for 2026
Stabilising house prices and falling mortgage rates offer renewed hope for first-time buyers
Inheritance tax receipts rise as government performs partial U-turn on relief rules
Breaking Property News 22/1/26
Nationwide extends six times lending to home movers and remortgage