Friday 29 May 2015

Buy-To-Let Puts £112bn in Pockets of British Landlords

British landlords earned £112bn from capital gains and rental income last year, in the latest example of the booming buy-to-let market. As would-be first-time buyers struggle to get a toehold on the housing ladder amid rising property prices and tougher mortgage-lending criteria, investors continue to pile in to the rental market. A report by mortgage lender Kent Reliance shows landlords made £67.2bn in capital gains, and £44.3bn from rent in the year to March 2015. The combined total represented an increase of £5.8bn on the same period a year ago. Read more on the Guardian website.

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