Working with non-portfolio landlords

While much of the BTL focus has been on landlords with bigger portfolios, we have not forgotten the smaller landlords. We believe they have not received the kind of attention currently given to their larger peers. Our definition of a non-portfolio landlord is one with three or fewer properties.

It is not surprising that portfolio landlords have tended to represent a juicier prospect for lenders, simply because of the extent of their property interests. However according to the 2020 Landlords’ Association survey*, out of the estimated 1.8 million landlords, 45% own just one BTL property and a further 38% own between two and five properties. These statistics would therefore imply that non-portfolio landlords represent a significant portion of the landlord market, in terms of numbers, if not in properties owned.

We believe that the needs of small landlords have tended to be underserved by lenders and advisers for too long. So, to fill such a significant void in the market, we felt we could help address the problem. The aim being to provide advisers access to the kind of tools to help them fill the gap with suitable products and advice.

In March, we launched our first range of competitively priced products aimed specifically at this niche and the reaction has been very positive. Earlier this month, we followed up by introducing two new lower-priced 2 year and 5 year fixed rate products further demonstrating our commitment to non-portfolio landlords.

These are perfect for those looking to add a fourth property to their investments.

In addition, we decided to further help smaller landlords take advantage of a different limited company structure, allowing investors to retain property within a trading limited company which has been active for 2 years, rather than having to set up a new subsidiary SPV. At the same time, we introduced new trading limited company products.

Landbay continues to lead the way in recognising underserved niches in BTL and designing products to meet those needs.

For more information or to discuss any of your BTL cases please get in touch using our BDM finder.