Research has shown that more than a quarter of buy- to-let landlords plan on expanding their property portfolios within the next 12 months.
Buy to lets are continuing to outweigh other asset classes. Due to this reason Knight Knox have surveyed 500 landlords. Their answers have shown that 27% of buy-to-let landlords are looking for the next addition to their portfolios.
Out of those who said they are planning on purchasing another buy-to-let, 35% said that the reason they want to purchase is due to the stamp duty holiday.
Knight Knox Commercial Director, Andy Phillips, has stated that the stamp duty holiday has led to landlords being able to make significant savings when purchasing investment properties.
Research has shown that UK landlords earn over £20,000 net income per year from renting out their properties. A total of 88% of landlords are feeling confident about the outlook of the buy-to-let market.