A record 50,004 limited BTL companies were set up last year, driven by landlords looking to shelter themselves from higher interest rates.
Landlords are selling more homes than they’re buying, according to Hamptons’ monthly letting index, although the sell-off is slowing down.
The average mortgaged landlord paid 37% of their rent on mortgage interest in August, up from a low of 24% in November 2021, according to Hamptons.
