For years, the buy-to-let market has been battered by successive governments' crackdowns making it ever tougher for beleaguered landlords to turn a profit.
However, the tide seems to be turning, with a significant majority considering refinancing existing portfolios to fund future investment as confidence grows in a more “professionalised” sector, according to specialist property lender Together.
Data published today by the UK-wide lender reveals more than three-quarters (76%) of landlords are likely to refinance their existing property portfolios over the next 12 months to fund further investment, underlining this increasing confidence in the long-term prospects of the UK property market.
36% of UK landlords said they were “very likely” to refinance their portfolio over the next year, while a further 40% said they were “somewhat likely.” Just 12% said they were unlikely to do so, with the remainder neutral.
The findings suggest that despite a major shake-up of the sector – including landlords grappling with the implications of the Renters’ Rights Act - investors continue to view property as an attractive long-term asset class. They are actively seeking ways to unlock capital from existing portfolios to support future acquisitions and growth.
The refinancing appetite comes as Together’s buy-to-let lending data points to growing opportunities outside traditional investment hotspots, following the launch of a brand-new Multi-Property Lending proposition for portfolio landlords seeking finance of more than £1million.
While the North West has always been a heartland for Manchester-based Together, its funding activity since 2020 shows Scotland and Yorkshire and the Humber are also attracting increased levels of investment, compared to London and the South East.
The North West increased its share of Together’s buy-to-let funding by 3.3% between 2020 and 2025, while Scotland increased by 2% and Yorkshire and Humber by 1.1%
Greater London and the South East accounted for less than a fifth (20%) of Together's buy-to-let lending in 2025, down from 23.6% in 2020, suggesting the lender’s buy-to-let investment activity is becoming increasingly concentrated in Northern regions and Scotland.
The figures reflect continued demand for investment opportunities in areas which could offer stronger rental yields, because of lower property prices and greater scope for capital growth than some traditionally higher-priced markets.
Russell Anderson, Chief Strategy Officer at Together, said: “The fact that more than three-quarters of landlords are considering refinancing across their portfolios to fund further investment demonstrates the resilience of the UK buy-to-let sector.
“Rather than sitting on existing assets, many investors are looking to release equity and reinvest, signalling confidence in future market opportunities. They are also seeking finance across their entire existing portfolios to expand their property ambitions.
“At the same time, funding data shows a clear concentration of activity across England, particularly in Northern regions such as the North West, Yorkshire and the North East. Investors continue to be attracted by locations where affordability, rental demand and long-term growth prospects remain compelling.
“Taken together, these trends suggest landlords are not only planning to expand their portfolios but are also increasingly willing to look beyond traditional investment locations in search of stronger returns.”
Together has now launched a new, lower-rate offer - the Multi-Property Lending proposition - for portfolio landlords which:
- Has lower rates than its standard BTL product, starting at 6.79% (two-year fixed)
- Standardises payments across the overall portfolio with a single direct debit
- Provides loans of £1million and above available on first and second charge
