2020 has seen a raft of regulatory changes that have impacted landlords and left many wondering how viable their buy-to-let portfolios will continue to be and, whether they should still be considering expanding them.
Rex Ekaireb, established property investor and entrepreneur commented: “Although many may think that landlords have it relatively easy, this really isn’t the case.”
Ekaireb continues: “…there are knock on effects to consider. For example, if landlords’ cashflows are interrupted, there will be less money in the pot to service properties, ultimately affecting tenants.”
Then came the COVID-19 pandemic, which has not just left its mark on the buy-to-let sector but the entire UK economy. As the country begins to move forward however, there are green shoots appearing for the sector with reasons to be optimistic slowly returning for landlords.