Around two in five landlords (39%) are planning to refinance during the next year, according to new research by Pegasus Insight.

The latest Landlord Trends research by Pegasus Insight covering Q1 2026 suggested that borrowing demand is to continue across the buy-to-let (BTL) sector.

Pegasus Insight stated that refinancing activity is set to be driven disproportionately by larger portfolio landlords, with 56% of those holding four or more mortgages intending to remortgage within the next 12 months, compared to 24% of landlords with one to three mortgages.

The Pegasus Insight research was based on 631 online interviews with landlords who are members of the National Residential Landlords Association (NRLA).

These findings also indicated that, despite ongoing regulatory change and wider economic pressures, landlords are remaining actively engaged with the mortgage market and continue to manage increasingly complex borrowing arrangements across multiple properties.

Those expecting to refinance over the next 12 months said they anticipate remortgaging an average of 2.7 loans each, underlining the scale of refinancing activity likely to come to market over the next year.

Founder and managing director of Pegasus Insight, Mark Long, commented: “While much of the recent discussion around the private rented sector has focused on the potential negative impact of the Renters Rights Act and the threat of future rent controls, these findings highlight the continued scale of borrowing activity taking place across the landlord market.

“Landlords are not standing still – many are actively refinancing, restructuring borrowing and reviewing funding arrangements across multiple properties, creating continued demand for dedicated BTL lending and expert advice.”

Long also suggested that “stability” is underpinning the sector, with tenant demand remaining resilient and tenancies often long-term in nature

“[This is] helping to provide landlords with relatively predictable rental income over extended periods,” he added.

“That combination of sustained refinancing activity and stable occupancy continues to make the BTL market an important area of opportunity for lenders and intermediaries alike.”

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