Nearly four in 10 landlords are planning to refinance during the next 12 months, according to Q1 2026 Landlord Trends research from Pegasus Insight.

The research points to continued borrowing demand across the buy-to-let sector, with refinancing activity expected to be led by larger portfolio landlords.

Pegasus Insight said 56% of landlords with four or more mortgages intend to remortgage within the next year, compared with 24% of landlords with one to three mortgages.

Those planning to refinance expect to remortgage an average of 2.7 loans each, underlining the scale of activity likely to come to the market over the next year.

The findings suggest landlords remain active in the mortgage market despite regulatory change and wider economic pressures, with many managing borrowing arrangements across multiple properties.

The research also points to continued tenant demand and longer-term occupancy patterns. Separate Wave 1 2026 Tenant Trends research found tenants have been in rented accommodation for an average of 8.2 years, including more than five years in their current property on average.

Two thirds of tenants said they intend 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, 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 buy-to-let lending and expert advice.

“What also stands out is the stability underpinning the sector. Tenant demand remains resilient and tenancies are often long term in nature, helping to provide landlords with relatively predictable rental income over extended periods.

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