A new survey by a specialist property sector lender reveals that 19 per cent of landlords are looking to sell in the next three years, with Brexit the key worry for two in 10 buy to let owners.

Brexit remains a key uncertainty for property sector professionals with two fifths of landlords conceding that it is top of their list of concerns. 

The uncertainty over the UK’s EU departure is seen as a bigger risk than rising interest rates, a lack of confidence in the stability of lenders, and rising levels of tax.

Nonetheless the people behind the survey – Cambridge & Counties Bank – insist that a majority of UK landlords are optimistic about the outlook for the residential buy to let sector over the next three years.

Of these, more than one in 10 consider themselves “very” optimistic in terms of investment growth and yields.

Nearly a fifth are looking to grow their portfolios by a third and 11 per cent want to double it over the next three years. 

In addition to growing their property portfolios, a significant number of landlords say they will be refurbishing their BTL and investment properties, with an average of £10,000 set to be spent. 

One in nine of respondents to the study said they would spend more than £20,000, with four per cent forecasting they would invest more than £50,000 in their estate.