34% of UK landlords plan to purchase at least one additional property and 14% are now looking to purchase more properties than they had originally planned. Confidence in the market appears to be soaring, with 67% of those surveyed feeling confident about the coming year. Only 13% of landlords are looking to purchase in a new area of the UK, and of those 36% were looking at urban locations whilst 30% were considering rural areas. 23% of landlords who intend to expand their portfolio are planning to purchase additional property in the north of England. Alternative property types are also being considered amidst the current supply issues, with 34% of landlords looking at semi-detached houses as an option and 31% considering terraced houses. Flats also remain a viable option for 27% of landlords.
Earlier this month, Shawbrook made a new hire, Craig McPheat, who has joined the bank as head of experience design. This is part of the bank’s plan to boost its team with at least another 100 new hires by the end of next year, in a variety of roles from developers, cloud and data engineers, product and customer experience designers and technology and data-related roles. from CMB https://commercial-mortgages-broker.co.uk/bridging-finance-news/shawbrook-research-shows-landlords-expansion-plans/ from https://commercialmortgages2.tumblr.com/post/671174923237064704
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