Landlords have expansion plans

A large number of UK landlords intend to expand their portfolios in the next five years.

That is according to the National Landlords' Association (NLA), which says that 23.4 per cent of investors have ambitions to expand.

Further to this, 60 per cent of those questioned said that they expected their portfolio to remain unchanged in the same period of time.

It flies in the face of some doom and gloom predictions from certain areas and shows that the buy-to-let sector is in very good health.

"That landlords are committed to invest further in the private rented sector over the next five years demonstrates that they remain confident about their businesses over the medium term," said NLA chairman David Salusbury.

"As the population grows and the number of households in this country continues to expand, the private rented sector will play a key role in providing homes to a larger number of people who need either a temporary or a longer term housing solution.

"That includes people who move jobs, those who have arrived in this country from abroad, families who are on benefit and some of the most vulnerable sections of the community," he continued.

Property for Life recently revealed that 76 per cent of landlords believe that now is a good time to buy an investment property.

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