As well as energy efficiency, landlords are focusing on monetary aspects like price (48%), potential rent yield (29%), and long-term investment potential (23%).
They also consider factors that appeal to tenants, such as location attractiveness (29%), council tax banding (17%), move-in readiness (16%), and interior layout (16%).
The research also inquired how buy-to-let landlords plan to purchase their next rental property. 24% intend to buy by themselves with a mortgage, while 22% plan to buy with cash. Conversely, 10% aim to purchase through a limited company with a mortgage, and 11% plan to buy jointly with a mortgage.
Mortgages remain a priority for landlords, with 77% considering the mortgage rate important when purchasing a property. Additionally, factors like borrowing flexibility (76%), fee discounts (72%), criteria flexibility (72%), and lender support (70%) are also significant considerations for landlords.
Chris Kirby of The Mortgage Lender said: “It’s encouraging to see that BTL landlords are continuing to adapt and shift their priorities, even though the Government postponed the planned introduction of Energy Efficiency standards for properties in the Private Rental Sector.
“It shows just how committed many landlords are to staying ahead of the curve and anticipating tenant expectations. As lenders, we similarly want to offer greater flexibility in order to best support BTL landlords, whether this comes in the form of extending our product range or working with brokers to offer the best options for their customer base.”
