Monday, 19 June 2017

London Has Highest Landlord Costs In UK But This Is Offset By Higher Rent

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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