London has been identified as the most expensive part of
Britain to be a landlord, followed by the South East while the North East of
England is the cheapest. The average cost for a landlord in London, excluding
any mortgage and tax and including void periods, is £6,535 a year, or 32% of
rental income, according to the research from lender Kent Reliance. This
compares to the average cost nationwide of £3,632 per year for landlords but
this is still a chunk of income, amounting to 34% of rent coming in as
landlords get higher rents in London which is offsetting some of the higher
costs. Read more on Property Wire.
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