Almost four in 10 of landlords would like to expand their property portfolio in the next year says investment platform Lendlord.

This is based on a small survey of just 200 landlords.

It shows that 20 per cent of respondents are looking to renovate their properties in the next year while 42 per cent plan to concentrate efforts on renting out existing properties.

Turning to how investors plan to fund activities, 40 per cent intend to leverage existing equity in their portfolio, while 35 per cent would consider taking out a new mortgage or loan, and 25 per cent are open to partnering with others.

Lendlord users also anticipate challenges in 2024. Market fluctuations are the top concern, followed closely regulatory changes and issues property maintenance management.

“There is currently high demand for rental property, which alongside the potential for both capital appreciation and steady income growth, continues to make buy-to-let investments appealing in the long run” insists Aviram Shahar, chief executive of Lendlord.