Rising number of landlords making a loss on their buy-to-let property - Telegraph

Rising number of landlords making a loss on their buy-to-let property - Telegraph

The latest findings from the BDRC Continental quarterly Landlords Panel research reveals the biggest rise in the number of portfolio landlords making a loss since the Landlords Panel began in 2006.

The research shows that in the fourth quarter of 2011, the number of ‘portfolio landlords’ – those with 20 or more properties – who reported making a loss rose from just 1pc in the third quarter of 2011, to 8pc in the last quarter of the year.

At the same time, while portfolio landlords reaped the highest rental yields at 7pc, average rental yields for all landlords fell in the last three months of 2011, down to 5.9pc from 6.7pc in the previous quarter. The last quarter of 2011 saw rental yields for all landlords fall to their lowest level in the year. This is despite almost half (46pc) of landlords having increased rents for tenants in the previous 12 months and one in three (34pc) planning to do so during the first half of 2012