PRS Landlords Need A ‘Stable Platform’ To Balance Social Housing Debate

More than a third of landlords are looking to cut their annual spending as rising running costs and higher taxes bite – just as the private rental sector (PRS) needs stable platform on which to balance “one-sided” social housing debate. Research released by specialist mortgage lender Kent Reliance reveals the average landlord now spends £3,571 per property in annual running costs, before tax or mortgage interest – equivalent to 32.9% of rental income. These costs have risen by 5.6% in the last two years without factoring in increasing taxes, having jumped by 28% – a rise of £771 – since the start of 2009. Read more on 24housing.

https://www.24housing.co.uk/news/prs-landlords-need-a-stable-platform-to-balance-social-housing-debate/