Phoebus reaction to Q1 UK Finance BTL figures

15 July 2026

Richard Pike, sales and marketing director at Phoebus Software, said:

"The latest figures from UK Finance show the buy-to-let market is in good health. Mortgage volumes in Q1 were up 3% by number and 7% by value year-on-year, driven by remortgage activity. While some smaller landlords have chosen to exit amid higher costs and regulatory change, larger portfolio landlords continue to invest and adapt. The trend shows the buy-to-let market is becoming more professional, not less resilient.

"Importantly, that transition has not been accompanied by rising levels of distress. Buy-to-let arrears remain low, demonstrating the sector's resilience despite a challenging economic backdrop.

"For lenders and servicers, the priority is ensuring they have the technology, data and operational agility to support a changing landlord base. As portfolios become more sophisticated, servicing will play an increasingly important role in maintaining performance, identifying risk, and delivering better customer outcomes, and so it’s vital that lenders have the right servicing partner.”