Accidental landlords fall for the first time in five years




The proportion of homes let by accidental landlords has fallen for the first time in five years, according to a report released today.


So-called accidental landlords are those who didn't buy a property with the intention of letting it out, but who have since ended up doing so - often either because they cannot sell and need to move, or decide to buy a new home and hold on to a property as an investment.


Currently around one in every 14 landlords falls into this category, but they have been squeezed by tax changes, including extra stamp duty on buying a new home and losing full mortgage interest relief against rental income.


A further blow on capital gains tax when they sell is also on the way. 


Source: https://www.dailymail.co.uk/money/

Read the full story: https://www.dailymail.co.uk/money/buytolet/article-7565507/Accidental-landlords-fall-time-five-years.html