'accidental' landlords
According to research by the National Landlords Association, 43% of its members did not buy the first property they let out with the intention of joining the rental market.
It would appear that almost half of Britain's of private landlords ended up renting out property by chance - rather than deliberately entering the buy-to-let market.
21% of those surveyed said their first residential letting property was one they already owned and subsequently decided to let out rather than sell. Meanwhile, 9% inherited their first rental property and 9.5% said they stumbled into being a landlord through letting out part of a property, changing their mind on a purchase for themselves and letting it out, inheriting a home with sitting tenants, or letting out premises above a shop or offices.
It would appear that almost half of Britain's of private landlords ended up renting out property by chance - rather than deliberately entering the buy-to-let market.
21% of those surveyed said their first residential letting property was one they already owned and subsequently decided to let out rather than sell. Meanwhile, 9% inherited their first rental property and 9.5% said they stumbled into being a landlord through letting out part of a property, changing their mind on a purchase for themselves and letting it out, inheriting a home with sitting tenants, or letting out premises above a shop or offices.
posted by ew at
2:56 PM
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