Despite the fact that the UK has had some notable changes in taxation and regulation laws recently, it would appear that landlords across the UK are willing to stay the course. Nearly twenty percent of landlords, according to research enacted by Foundation Home Loans, have expressed their intention to remain landlords. This sentiment holds true for multiple property letters as well, with only a one percent difference showing in the results between those with and without multiple properties. The eastern portion of England cracked the mother lode, with just under a quarter of landlord’s polled indicating no intention of leaving the let market. A mere six percent were inclined to consider doing so within a year or two. The portfolio holders were by and large, however, truly invested, expressing a wish to stay on board for another fifteen years. Meanwhile those invested on a smaller scale were still in it to win it, expressing a desire to stay on for at least a decade. The research garnered also showed that the heavy investors had mainly been in the game already for a fifteen or more year stint, making their predictions weightier than not.
Key Takeaways:
- Landlords in the Eastern part of England were the most likely to stay the course as landlords, at nearly 25%.
- By and large, portfolio landlords were interested not just in staying the course, but in remaining landlords for another fifteen years.
- Non-portfolio landlords were not that far behind, expressing a willingness to stay committed to the let business for another 10 years.
“Unperturbed by recent regulatory and tax changes, 18% of landlords said they would expect to remain a landlord indefinitely and 19% of landlords with four properties or more said the same.”
Read more: https://www.propertywire.com/news/uk/almost-one-five-landlords-say-business-long-term/
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