Falling confidence among UK landlords over rental yields’ stability
The number of landlords who are feeling confident about the ability of the UK private rented sector to deliver them a steady income stream has fallen, new data has shown.
Over the past couple of years, landlords owning British rental properties have been hit hard by taxation changes, which have made their operations far more costly. When this is coupled with political uncertainty, it’s clear to see why fewer are now confident about the market moving forward.
The National Landlords Association’s (NLA) data shows that in particular, the change in mortgage tax relief has hit buy-to-let owners’ confidence hard over the past two years. In 2015, before former chancellor George Osborne made the announcement of new charges, 64 per cent of landlords believed the market had the ability to deliver them a steady stream of income and good yields.