Company landlords on the rise, says Hamptons

first_imgIn the first half of 2019, 12% of homes were let by a company landlord, reaching the highest level since 2011 and up from 9% in 2015 (before the tax changes for non-company landlords were announced).Hamptons International estimates that company landlords now own 641,480 homes in Great Britain this year, 42% more than in 2015 and that London landlords are most likely to own a buy-to-let using a company structure (13%).The average cost of a new let in the UK rose to £986 pcm in June, a 3.1% year-on-year increase driven by rising rents in the South.Hamptons International’s research estimates that, this year, company landlords own 641,480 homes in Great Britain, 42% more than in 2015 when 452,600 homes were let by company landlords.  The increase is partly due to the rise in the proportion of homes let by company landlords, but also due to the increase in the overall size of the rental sector.London landlordsLondon landlords are most likely to own a buy-to-let property in a company structure.  In H1 2019, 13% of new lets were owned by a company landlord, up from 12% in 2015 and 2018. Meanwhile landlords in Wales are least likely to own a buy-to-let in a company name.  Scotland has seen the biggest increase in the proportion of homes let by a company landlord since 2015 (+6%), followed by the North (5%) and South of England (3%).Aneisha Beveridge, Head of Research at Hamptons International, said, “More than one in ten rental properties are now owned by private companies, an indication that the sector continues to professionalise. Increasing taxation for private landlords combined with the growth of the build to rent sector has meant that more companies are letting homes than at any time since our records began.“London, where landlords tend to have higher levels of debt and often the most to gain from corporate ownership, has the largest proportion of homes let by a company.  However, it’s not always more profitable to put a buy-to-let into a company as other associated costs come into play.”International Monthly Lettings Index rented homes Hamptons landlords Hamptons International Aneisha Beveridge buy-to-let Sheila Manchester July 24, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Company landlords on the rise, says Hamptons previous nextHousing MarketCompany landlords on the rise, says HamptonsInternational Monthly Lettings Index shows that 12% of rented homes are at the highest level in eight years.Sheila Manchester24th July 20190430 Viewslast_img