Nearly 37% of portfolio landlords plan to expand their property portfolios this year. The majority, 55%, intend to finance these acquisitions by releasing equity from existing properties, while 58% plan to use their existing capital, as revealed in Paragon’s Portfolio Landlord Report 2024, based on a survey of almost 400 landlords owning four or more properties across the UK.

The data highlights that 69% of those expanding their portfolios follow a deliberate strategy, 60% respond to long-term demand for rental properties, and 50% incorporate property acquisition into their retirement plans.

The survey further indicates that 61% of landlords will opt for a mortgage when purchasing, 39% plan to buy outright, and 52% prefer acquiring terraced homes, followed by 46% for semi-detached houses and 26% for individual flats.

In total, 36% of portfolio landlords plan to maintain their current property levels, while 21% are considering reducing the size of their portfolios.

Richard Rowntree, Managing Director of Mortgages at Paragon Bank, had the following to say about portfolio landlords in 2024:

“Portfolio landlords are optimistic about the future of the buy-to-let market and are looking to take advantage of the opportunities that arise in 2024. We are committed to supporting portfolio landlords with a range of specialist products and services, including flexible and competitive remortgage options.”

Find Out More: Learn more about property investment with our guide to buy-to-let and how to invest in property.