The research revealed that 42 per cent of those questioned admitted that they would chose a lender based on easy access to future funds. 35 per cent said they would make a decision based on there being no limit to the number of properties owned.
John Heron, managing director at Mortgage Trust, said: “Our research suggests that the majority of landlords expect to add to their portfolio over the next 12 months and that over 36 per cent of landlords investing in the private rented sector would rather borrow from just one lender across their entire portfolio.
“This means mortgage lenders are favoured based on how accommodating they will be of potential acquisition of further property. The fact that landlords will borrow from a certain lender based upon potential expansion shows further proof that the buy-to-let market outlook remains positive.”
The research also indicated that 41 per cent of buy-to-let landlords would opt for a lender who required minimal documentation and suggested that landlords would look to mortgage lenders who could offer tailor-made solutions to their individual needs.
Alan Lakey, senior partner at Highclere Financial Services, said: “I think it is strange that buy-to-let mortgage lenders have limits to how many properties they accept. It would be logical to think that if a landlord had a few properties then they would be a safer bet than the first-time landlord dipping their toe into the market.”
