Quote Ref: WS1

Landlords not deterred from expanding portfolio in event of a no-deal Brexit or tax crackdown

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According to new research, over three-quarters of portfolio landlords plan to expand their portfolios by at least one more property over the next 12 months – despite the chances of a no-deal Brexit looking likely.

Citing a study carried out by The Property Hub, LandlordToday reports that 77% of landlords polled plan to buy at least one more property in 2019, with 70% saying that even a no-deal Brexit would be unlikely to affect their growth plans.

But it isn’t just the uncertainty over Brexit that some landlords are flying in the face of - tax crackdowns which have eaten in landlords’ profits are not putting off investors either.

Tax crackdown

Despite some media stories earlier this year that say landlords are being forced out of the buy to let market, the poll reports that some landlords are not deterred by the Government’s tax crackdown:

  • 84% said they had no plans to sell any properties in the next three years;
  • 66% said they still would not be offloading properties, even if the Government were to announce further tax measures,

Rob Dix, co-founder of The Property Hub, said: “There’s been so much talk of a mass exodus of landlords and the death of buy to let, it’s easy for some would-be landlords or, indeed, tenants, to believe the rental market is on its knees. However, it’s clear from our survey that landlords are far from retreating from the market.”