13:38 PM, 23rd May 2012, About 10 years ago
According to the latest Landlords Panel research by BDRC Continental, one in four buy to let landlords own their property portfolio outright, while a third have a mixed portfolio.
The survey of NLA members showed something of a polarised investor community though. The investors who rely on buy to let mortgages believe the industry needs more competition, with only one in ten disagreeing. Many (60%) believe the buy to let lenders don’t take into account individual circumstances when it comes to mortgages and 39% believe the products available have little variety.
Despite this, over a third of landlords (37%) manage to live off their buy to let portfolio, although one in ten landlords with just the one property. As you would expect, the percentage of landlords making a living off their lettings increased alongside the portfolio size, culminating in three quarters of landlords with 20+ properties earning a profitable full-time living from letting.
Mark Long, Director for BDRC Continental commented on the latest Landlords Panel findings, saying: “According to our research it is clearly possible to make a full time, profitable living from private letting, and certainly those with larger property portfolios are more likely to be able to do so. BTL mortgage borrowing remains important for the majority of private landlords and our research suggests that there is still room in the market for providers to listen to their customers and provide a product suite better suited to their needs.”
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|