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One in 10 UK adults consider becoming a landlord: Sainsbury’s Bank

Research from Sainsbury’s Bank Mortgage describes 9 per cent of UK adults showing an interest in taking out a buy-to-let mortgage in 2018.

Of these 4.8 million people, 35 per cent were driven to consider this action via a change in income, 29 per cent found “current opportunities” sufficient incentive, and 25 per cent were thinking about BTL after receiving an inheritance.

The bank also found that 64 per cent of UK adults were unaware of consumer BTL mortgages.

Interest in property types was more of less even, with 51 per cent of potential landlords thinking about purchasing a house (46 per cent considering a new build), and 46 per cent a flat, 44 per cent of which considered a new build.

May saw Sainsbury’s launch its first range of BTL mortgages, a number of which received rate cuts earlier this week.

Sainsbury’s Bank head of banking David Buxton says: “With demand for rental properties showing no signs of slowing down, we’re delighted to be able to help landlords by offering competitive mortgages and advice to help them best manage their investments.”

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