According to its latest Property Investor Survey, Mortgages for Business reports that landlord are adapting to the changes, but those looking to expand their portfolios had grown to 48%, compared to 45% in November and 41% last May. The adapting takes the form of a move to choosing to fix their mortgages for five years.
42% of respondents stated that they prefer to go for five-year fixed rate buy-to-let mortgages, an increase compared to 33% in November and 21% in May 2016. Three-year fixed rate mortgages were chosen by just 5% of the survey's respondents, making up less than a third of the figure from a year ago.