More than three-quarters of landlords are considering refinancing their existing portfolios during the next 12 months to release capital for further investment, research from Together has found.
The specialist lender said 36% of landlords were “very likely” to refinance, while another 40% were “somewhat likely” to do so.
Just 12% said they were unlikely to refinance, with the remainder taking a neutral position.
The findings point to growing demand for portfolio-level finance as professional landlords seek to unlock equity from existing assets and use it to fund acquisitions.
Together recently launched a multi-property lending proposition for portfolio landlords seeking funding of more than £1m.
NORTHERN POWERHOUSE
The lender’s own buy-to-let data also indicated that investment activity was increasingly moving towards northern England and Scotland as landlords targeted areas with lower property prices and potentially stronger rental yields.
The North West increased its share of Together’s buy-to-let lending by 3.3 percentage points between 2020 and 2025. Scotland’s share rose by two percentage points, while Yorkshire and the Humber recorded a 1.1 percentage point increase.
Greater London and the South East accounted for less than 20% of the lender’s buy-to-let funding during 2025, down from 23.6% in 2020.
Together says the refinancing appetite demonstrated continuing confidence in property as a long-term asset despite regulatory changes, including the implementation of the Renters’ Rights Act.
BUY-TO-LET RESILIENCE
Russell Anderson, chief strategy officer at Together, says: “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.”
