Seven out of 10 buy-to-let landlords do not intend to sell any of their properties in the next 12 months, latest data from the Landbay quarterly survey has revealed.
The strongest sentiment came from those with smaller portfolios of between one and three (78%) and four and 10 properties (76%). However, 69% of landlords with more than 20 properties shared the same view as did 59% of those with 11-20 properties.
Many respondents pointed to a potential downturn in house prices and strong rental yields as their main reason not to sell. Others said they were waiting to see what happens to mortgage rates in the coming months before making any decisions.