One in three buy-to-let landlords in the UK renegotiated their deal with the same company, according to a survey conducted in the second quarter of 2023. Additionally, about 28 percent were forced to hike rents since July 2022 because of the terms of the mortgage deal. Furthermore, approximately 14 percent used non-rental income to cover part of the monthly repayment and avoid the rent of the property from rising.
Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023
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Residential Landlords Association. (December 9, 2023). Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/
Residential Landlords Association. "Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023." Chart. December 9, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/
Residential Landlords Association. (2023). Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/
Residential Landlords Association. "Share of Buy-to-let Landlords Who Undertook Different Actions Related to Their Mortgage Deal in The United Kingdom (Uk) as of 2nd Quarter 2023." Statista, Statista Inc., 9 Dec 2023, https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/
Residential Landlords Association, Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023 Statista, https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/ (last visited November 03, 2024)
Share of buy-to-let landlords who undertook different actions related to their mortgage deal in the United Kingdom (UK) as of 2nd quarter 2023 [Graph], Residential Landlords Association, December 9, 2023. [Online]. Available: https://www.statista.com/statistics/1452755/landlords-response-to-rising-mortgage-rates-uk/
