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Property


Sector Focus Midlands landlords plan for future


Landlords across the Midlands are the ones most likely to add to their property portfolios over the next 12 months, according to research undertaken for Solihull’s Paragon Banking Group. The research is a quarterly survey


of nearly 800 landlords, and the latest found that nearly one in four landlords in the East Midlands (24 per cent) planned to buy new properties in the next 12 months, with 22 per cent of West Midlands


landlords also looking to acquire. Other regions that showed a high


inclination to buy included the North East and Yorkshire and Humber, with 19 per cent of landlords looking to purchase. Landlords in the South


West (eight per cent) and central London (nine per cent) were the least likely to buy. Overall, 14 per cent


Richard Rowntree: Landlords are looking to buy


of landlords planned to purchase property, with the average landlord hoping to acquire three new properties. More than half (52 per cent) of


those looking to purchase will be targeting terraced housing, followed by semi-detached property (32 per cent) and flats (26 per cent). One in four landlords also intend


to purchase a ‘house-in-multiple- occupation’ (HMO) during the year, reflecting the growing popularity of this type of property t, particularly amongst professional portfolio landlords.


‘Portfolio landlords have adopted a number of strategies to adapt to the tax and regulatory changes of recent years’


Those with larger portfolios also


expressed a greater inclination to buy. The research showed that eight per cent of landlords with one property said they would purchase during the year, rising to 20 per cent for those with 20 or more. Meanwhile, 12 per cent of


landlords with between two to three properties said they will buy, whilst the proportion of landlords


with between four to five (15 per cent), six to 10 (14 per cent) and 11 to 19 (14 per cent) properties looking to purchase was broadly balanced. Richard Rowntree, Paragon’s


managing director of mortgages, said: “The proportion of landlords looking to purchase new property has been largely consistent over the past two years, but we are seeing regional variations and also a greater propensity for portfolio landlords to invest in property. “Portfolio landlords have adopted


a number of strategies to adapt to the tax and regulatory changes of recent years and we’re seeing trends such as these landlords buying stock from smaller-scale participants as they exit the market, or targeting higher yielding properties, such as HMOs.” The research showed that nearly


two thirds (63 per cent) of landlords plan to fund their next purchase with a buy-to-let mortgage, while 17 per cent will release equity from existing properties to generate purchase funds. Meanwhile, 18 per cent said they


would purchase property outright using previously invested funds.


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T: 01543 442 100 E: hja@adcocks.com W: www.adcocks.com April 2020 CHAMBERLINK 83


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