The study of 500 landlords conducted earlier this month reveals that just over a third of landlords have full time jobs and another five per cent have part time employment. The rest are either retired or full time landlords.

The research also shows that around 20 per cent of landlords enjoy annual yields of between 15 and 30 per cent – a huge figure – while a quarter of landlords have yields between five and 10 per cent.

The HomeLet rental index show that rents across the UK are 10.2 per cent higher than a year ago. The average rent on a tenancy signed in the UK during the first quarter of 2015 was £902, compared to £819 for tenancies signed during the first quarter of 2014.

Rents are higher in every region of the UK except Wales compared to a year ago.

These high returns indicate why buy to let remains such a draw to investors and why some believe they can derive a continuing income from rents alone, says a spokeswoman for the agency that commissioned the survey, Property Let By Us.

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Letting Agent Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.

‘40% of landlords use rent as main income’ – survey