Insurance News Archive

Landlords 'still seeing profits'

Buy-to-let landlords are still making money on their investments, despite the economic downturn, according to the latest research

A study by mortgage broker Money Centre found that three-quarters of proprietors are earning a profit, the same figure as in 2007 when the UK housing market was experiencing a boom.

The research found that five per cent of landlords' incomes increased in the last few months of 2008.

According to a recent survey by the Residential Landlords Association (RLA), propreitors are prepared to weather the storm during the recession, with nearly 90 per cent saying they intend to keep their residential portfolio.

"It paints a fairly optimistic picture, but for most self-employed people there is often little choice faced with long-term investment and the credit crunch," said Alan Ward, director of the RLA.

Nevertheless, landlords are concerned that corporate proprietors may force them out of business, with many saying such commercial enterprises are a threat to the private rented sector.

29 Jan 2009