Small landlords exiting buy-to-let market

17 Feb 2020

Smaller landlords are exiting the buy-to-let market following cuts to tax relief, according to research from estate agency Hamptons International.

The research found that the number of landlords operating in the UK fell to a seven-year low of 2.66 million in 2019. Hamptons International's Monthly Lettings Index found that the landlord count has dropped 8% from its peak in 2017.

Measures such as the reduction in mortgage tax relief and the 3% stamp duty surcharge on buy-to-let properties have had an impact on the market, according to Hamptons International.

The changes are particularly affecting smaller landlords, with the number of landlords who now own just one property falling.

Commenting on the figures, Aneisha Beveridge, Head of Research at Hamptons International, said: 'Those who have stayed tend to have bigger portfolios – a further sign that the sector is professionalising.

'The average landlord in Great Britain owned 1.93 properties last year, the highest level since 2009. Rents rose in every region across Great Britain in January to stand 3.6% higher than at the same time last year.

'The number of new homes purchased by landlords remains low, which is feeding through to fewer homes available to rent. This is particularly true in the South, where rents are rising the most.'

Register for our newsletter

Once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.

Register

Weston-super-Mare

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

01934 415022

Cheddar

Bath Street
Cheddar
Somerset
BS27 3AA

01934 743274


Home | Contact us | Accessibility | Disclaimer & Privacy Policy | Help | Site map |

© 2020 Four Fifty Partnership. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales. Details about our audit registration can be found at auditregister.org.uk under the reference C001092613.

"four fifty partnership" is a trading name of Four Fifty Partnership Limited. Registered in England. Company Number 5032008. Registered Office 34 Boulevard, Weston super Mare, Somerset BS23 1NF.

Directors: Richard Acreman BSc CTA, Joy Boswell FCCA FCA, Peter Ison BA FCA and Nick Gravell FCCA FCA.

Professional Indemnity Insurers: Nexus Underwriting Limited 52-56 Leadenhall Street, London EC3A 2EB (Policy Number: BC6210PIA194). The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.