Landlords have demonstrated a commitment to the buy-to-let (BTL) market, as 34% intend to purchase at least one additional rental property in the next 12 months, Landbay has found.

The BTL lender’s Q3 survey of over 2,000 landlords found that 17% intend to purchase one property, while 12% plan to purchase between two and three properties.

A further 6% intend to purchase four or more properties, which Landbay said demonstrates "continued investment appetite" across the market.

Furthermore, almost three in five (59%) intend to remortgage in the next year, with 38% expecting to take a new product with their existing lender and 21% anticipate remortgaging with a different lender.

However, 56% said they do not intend to purchase further properties over the next year, compared to 52% in the previous survey. A further 10% remain undecided.

Landbay revealed that the proportion of landlords expressing confidence in their own BTL businesses has increased from 22% to 28% quarter-on-quarter, while the proportion holding a negative view of the wider UK economy has fallen slightly from 69% to 65%.

While there was an increase in the proportion of landlords expressing negative sentiment about their own businesses, from 37% to 40%, the lender said its findings demonstrate a “landlord community continuing to make positive decisions about investment, borrowing and the future of their portfolios”.

Sales and distribution director at Landbay, Rob Stanton, stated: "What comes through from these latest results is that landlords remain very much committed to the BTL sector, even if confidence and investment intentions vary depending on individual circumstances. It is encouraging to see an increase in those feeling positive about their own businesses, while more than a third still intend to purchase additional properties over the next year.

"Of course, these responses were gathered before last week's Budget, which has introduced a further increase in the tax on property income for landlords holding properties in their personal names, and it will be interesting to see whether this changes investment intentions or confidence levels as we move into 2027.

"One area which really stands out is the importance of remortgaging and product transfers, with almost six in 10 respondents expecting to take one of these routes when their existing deal ends, while a further quarter have yet to make a decision. This represents a considerable opportunity for advisers over the next six to 12 months, particularly given the depth and breadth of mortgage products now available."

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