Nearly four in ten landlords plan to refinance during the next year, according to research from Pegasus Insight, highlighting continued borrowing demand across the buy-to-let sector.

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

Its findings from the Q1 2026 Landlord Trends survey suggest that, despite ongoing regulatory change and wider economic pressures, landlords remain actively engaged with the mortgage market and continue to manage increasingly complex borrowing arrangements across multiple properties.

Expecting

Those expecting to refinance over the next 12 months anticipate remortgaging an average of 2.7 loans each.

The research also indicates that continued landlord investment in the sector is underpinned by stable tenant demand and long-term occupancy patterns. Separate Wave 1 2026 Tenant Trends research found that two thirds of tenants plan to stay in their current rental property when their existing agreement ends, supporting consistent rental income streams for landlords.

Mark Long, founder and managing director of Pegasus Insight, says 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 buy-to-let lending and expert advice,” adds Long.

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