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Buy-to-let remortgage activity set to fall

Buy-to-let remortgage activity set to fall

With some landlords finding it harder to make a profit as a result of changes to buy-to-let taxation, remortgage activity looks set to fall moving forward as investors seek to mitigate higher tax costs, Paragon’s PRS Trends Report for Q1 2019 shows.

Paragon’s latest quarterly survey, which tracks the experience of more than 200 landlords with an average of 12.8 properties and more than 20 years’ experience in the UK’s PRS, shows that while landlords in this group remain engaged in the sector, they are now prioritising measures to bolster financial strength rather than add to their portfolio.

It would appear, based on this research, that landlords are increasingly scaling back their buying intentions, reducing their reliance on mortgage debt and improved affordability by spending less of their rental income on mortgage payments.

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