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.
Starmer launches Labour local election campaign and defends ‘difficult
decisions’ over dropped pledges– as it happened
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Opposition leader says some commitments were made before ‘the Tories did
enormous damage to the economy’
Starmer is summing up the Labour offer.
This La...
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