You are here: Home - Mortgages - Buy To Let - News -

16% of single property buy-to-let landlords suffer rent arrears

Written by:
Britain's smallest private landlords are struggling with rent arrears, according to BDRC Continental's latest Landlords' Panel survey.

The research found that the number of single property landlords making a loss doubled during the second quarter of 2012, with 16% of properties now losing money.

Also, 9% of these landlords experienced voids that lasted just over two months during the quarter.

Landlords with larger property portfolios fared better, with just 3% of those holding over 11 properties suffering a loss. 69% of landlords with 11-19 properties and 68% with 20 or more in their portfolio make a full time living from letting.

Mark Long, director at BDRC Continental, comments: “It is a tough time to be a private landlord if you have only one property in your portfolio.

“Over the last quarter profitability has clearly taken a dive. Regardless of their size, there is no question the private rental sector relies on private landlords and, whilst a third may aspire to increase their property portfolio, they will only be able to achieve this goal and add to Britain’s privately rented housing stock if they can make a profit from that one property.”

Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Barclays Blue Rewards
Barclays cuts raft of rates including NewBuy

Barclays has become the latest lender to drop fixed rates for those with higher deposits and launch a two year...