Buy-to-let landlord interest falling, survey finds Mortgage Finance Gazette

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Interest in becoming a buy-to-let landlord has fallen across almost every major UK city over the past year, with searches dropping in all but one location analysed.

That is according to a study by Emoov, which found that Cambridge is the only city in the UK to see growing interest in buy-to-let investing.

Searches for buy-to-let increased by 23.5% year-on-year in the city, bucking a nationwide trend that saw demand fall in every other location studied.

After Cambridge, Plymouth recorded the strongest performance, with demand slipping by just 2.9%.

Poole (-5.3%) and Southampton (-5.7%) were among the locations that remained relatively stable, while most UK cities experienced far steeper declines.

Top 10 Average Searches for “Buy to let Landlords” 
City June 2024-May 2025 May 2025 – June 2026 % Change
Cambridge 2,380 2,940 23.50%
Plymouth 8,720 8,470 -2.90%
Poole 5,830 5,520 -5.30%
Southampton 5,060 4,770 -5.70%
Derby 6,380 5,920 -7.20%
Lichfield 4,210 3,900 -7.40%
Sunderland 3,430 3,170 -7.60%
Chichester 4,580 4,180 -8.70%
Exeter 3,640 3,320 -8.80%
Norwich 7,510 6,760 -10.00%

Birmingham also experienced a 33.33% decline, followed by London with a 41.7% fall.

Carlisle experienced the most significant, 59.1% decline in interest.

Bottom 10 Average Searches for “Buy to let Landlords”
City June 2024-May 2025 June 2025-May 2026 % Change
Carlisle 3,910 1,600 -59.10%
London 99,930 58,220 -41.70%
Birmingham 22,400 14,940 -33.30%
Blackpool 3,670 2,450 -33.20%
Wakefield 5,540 3,860 -30.30%
Nottingham 4,710 3,380 -28.20%
Milton Keynes 7,070 5,100 -27.90%
Canterbury 3,240 2,350 -27.50%
Ripon 2,310 1,690 -26.80%
Colchester 4,400 3,270 -25.70%