New research shows three in four set to restructure borrowing

Three in four landlords (76%) plan to refinance their existing property portfolios over the next 12 months to fund further property investment, according to new research from Together.

More than a third (36%) of UK landlords said they were “very likely” to refinance their portfolio over the next year, while a further 40% said they were “somewhat likely.” Only 12% felt it was unlikely, while the rest were neutral.

Investor demand shifts north

The company’s buy-to-let lending data since 2020 also shows investor demand shifting towards the North West, Scotland and Yorkshire as landlords chase stronger yields.

The North West increased its share of Together’s buy-to-let funding by 3.3% between 2020 and 2025, while Scotland increased by 2% and Yorkshire and Humber by 1.1%. Meanwhile, Greater London and the South East accounted for less than a fifth (20%) of Together’s buy-to-let lending in 2025, down from 23.6% in 2020.

Russell Anderson, chief strategy officer at Together, said: “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.

Together has launched a new, lower-rate offer, the Multi-Property Lending proposition, for portfolio landlords with lower rates than its standard BTL product, providing loans of £1million and above available on first and second charge.