More than three-quarters of buy-to-let landlords are planning to refinance their existing property portfolios over the next year to fund further investment, according to research from specialist lender Together.
The survey found that 76% of landlords are likely to refinance in the next 12 months, with 36% saying they are “very likely” to do so and a further 40% “somewhat likely”. Just 12% said they were unlikely to refinance.
Together said the findings suggest landlords remain confident in the long-term prospects of the buy-to-let sector despite regulatory changes, including the introduction of the Renters’ Rights Act.
The lender’s buy-to-let lending data also indicates investors are increasingly targeting northern England and Scotland in search of stronger rental yields and capital growth.
Between 2020 and 2025, the North West increased its share of Together’s buy-to-let lending by 3.3 percentage points, while Scotland’s share rose by two percentage points and Yorkshire and the Humber by 1.1 percentage points.
By comparison, the combined share of lending in Greater London and the South East fell from 23.6% in 2020 to 20% in 2025.
Russell Anderson, chief strategy officer at Together, said: “The fact that more than three-quarters of landlords are considering refinancing across their portfolios to fund further investment demonstrates the resilience of the UK buy-to-let sector.
“Rather than sitting on existing assets, many investors are looking to release equity and reinvest, signalling confidence in future market opportunities. They are also seeking finance across their entire existing portfolios to expand their property ambitions.
“At the same time, funding data shows a clear concentration of activity across England, particularly in Northern regions such as the North West, Yorkshire and the North East. Investors continue to be attracted by locations where affordability, rental demand and long-term growth prospects remain compelling.
“Taken together, these trends suggest landlords are not only planning to expand their portfolios but are also increasingly willing to look beyond traditional investment locations in search of stronger returns.”