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Landlords "make huge investment in lettings sector"

Tuesday, 20th January, 2015

Over one million landlords have buy-to-let mortgages and last year repaid 21.9 billion - a sign of their commitment to the sector, claims the National Landlords Association.

It says the average cost of landlords'mortgage repayments in the last year has been 20,950, which excludes up-front deposits of typically 25% of property value.

The NLAs findings show that landlords with one-to-four properties spent an average of 10,335 on repayments last year, compared to 55,285 spent by those with larger portfolios of 11 or more properties.

"These figures really hammer home just how much money private landlords put into providing homes for the UKs estimated nine million renters, especially if we consider that such a large proportion are single-property or smaller portfolio landlords" says NLA Chairman Carolyn Uphill.

"The majority of private individual investors are keeping a supply of well-maintained homes on the market when previous governments have failed to incentivise or stimulate more housing and social housing has been in long term decline.

"There's no sign of either of these issues letting up any time soon so is it any wonder that buy-to-let lending is at an all-time high?" she asks.




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