Buy-to-let landlords are managing increasingly complex borrowing structures, holding multiple mortgages across different lenders, new research suggests.
Data from Pegasus Insight shows landlords with borrowing now hold an average of 6.5 buy-to-let loans, typically spread across 2.1 lender relationships.
Average total borrowing stands at £714,000, underlining the scale of modern landlord portfolios and the growing sophistication of property finance strategies.
The figures point to a shift away from single-product borrowing, with landlords actively managing multiple loans with varying terms, maturities and refinancing timelines.
PROACTIVE APPROACH
The research also highlights a more proactive approach to financing, with seven in 10 landlords starting their most recent remortgage process at least three months before product maturity.
Intermediaries continue to play a key role, particularly for landlords with larger or more complex portfolios navigating multiple lender relationships.
Mark Long (main picture, inset), Managing Director and Founder of Pegasus Insight, says: “What stands out from the data is the degree to which landlord borrowing is structured across multiple products and lenders. For many, managing finance is no longer a one-off decision, but an ongoing process.”
FORWARD PLANNING
He adds: “What’s interesting here is not just the number of loans, but what that says about how landlords are operating. Managing multiple mortgages across different lenders requires a level of coordination and forward planning that simply wasn’t part of the model for many landlords historically.
“That creates both opportunity and exposure for borrowers. When financing is structured across several products, decisions in one part of the portfolio can have knock-on effects elsewhere, particularly around refinancing and cashflow timing.
“It also reinforces the importance of professional mortgage advice. As portfolios become more layered, landlords need a clear view across their borrowing, rather than treating each mortgage in isolation.”
