Drewery Lettings Property Market Update November_2023

LANDLORDS USE LIMITED COMPANY STRUCTURES TO EXPAND PORTFOLIOS

Three-quarters of landlords who intend to buy a new property in the next year will use a Limited Company structure, according to a buy-to-let specialist.

Paragon Bank’s research of nearly one thousand, carried out by BVA BDRC, showed that 74% of landlords will purchase a property this way.  

This is the highest level recorded on the tracker survey and up from the 62% reported during the first quarter of this year.

Conversely, those who plan to buy in an individual name have fallen from 41% in the final quarter of 2021 to 17% in the second quarter of 2023.

Do you follow us on Facebook? join us today for great daily posts like us here.

Speak to me: If you`d like to have a chat about anything in this article, drop me an email at j.king@drewery.co.uk - I`d love to hear from you.

James King
Lettings Manager
07956 931924
j.king@drewery.co.uk