Aspiring Landlords Target Complex Rental Properties

The Cumberland for Intermediaries has made significant progress since its 2021 launch, focusing on a 'kinder banking' ethos and expanding its team to enhance mortgage lending capabilities, particularly in residential mortgages and holiday lets. Meanwhile, a survey by Paragon Bank reveals that aspiring portfolio landlords are increasingly seeking complex rental investments, such as Houses in Multiple Occupation (HMOs) and multi-unit blocks (MUBs), with anticipated future investments rising notably. The interest in terraced homes is also expected to grow, while the appeal of flats and semi-detached houses is slightly declining. In Wales, estate and letting agents are being invited to contribute insights on local housing market impacts due to government policies, particularly concerning second homes and tourism. There are concerns that these policies may not effectively address the affordable housing crisis for local residents. As the rental market evolves, the dynamics of landlord investment strategies reflect broader trends in the housing sector.