The i news are reporting that many landlords are now making a loss in their least lucrative year since before the financial crisis, analysis from estate agency Savills shows..
The article can be read here (subscription may be necessary), and goes on to say that as recently as last year, a private landlord, who was a higher-rate tax payer, had a mortgage with 30 per cent equity in their property and was operating privately – rather than as part of a business – was making around £2,800 per year after tax.
But now after multiple interest rate rises, the analysis shows a typical landlord in this situation who has a mortgage will be making a small cash loss.
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