Most private landlords are part-timers
Fri 14 Oct 2016
The large majority of private landlords still consider property rental to be a part-time activity, and most manage their portfolios as private individuals rather than as companies. A survey from the Council of Mortgage Lenders, together with specialist lender BDRC and the London Scoll of Economics has published some interesting results.
The survey found that 95% of landlords do not consider lettings to be their main occupation. Almost all, 87% manage their portfolio as an individual or couple. Most landlords still own just one property, but that number has fallen to 63% form 78% in 2010. The proportion owning two to four properties has risen from 17% to 30%.
With so few professional landlords it is important that landlords who are managing their property themselves are fully conversant with the wide range of rules and regulations now affecting the lettings sector. It is even more important to speak to a professional Letting Agency to ensure that your property is compliant.
January 2015View older stories >
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