“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,” said Russell Anderson (pictured right), chief strategy officer at Together.
“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’s lending data also points to a regional shift in buy-to-let activity. The North West increased its share of the lender’s buy-to-let funding by 3.3 percentage points between 2020 and 2025, while Scotland rose by 2% and Yorkshire and the Humber by 1.1%. Greater London and the South East, by contrast, accounted for less than a fifth of Together’s buy-to-let lending in 2025, down from 23.6% in 2020.
Anderson attributed the geographic shift to the relative appeal of markets outside the capital. “Funding data shows a clear concentration of activity across England, particularly in Northern regions such as the North West, Yorkshire and the North East,” he said. “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.”