The latest research from the National Landlords Association has revealed that 79% of landlords are only servicing the interest on their mortgages, not paying down their loans, as they contend with rising costs.
This statistic has prompted the NLA to examine the narrative that tenants are just paying off their landlord’s mortgage. In a discussion paper launched in London last night, the NLA and PricedOut, the campaign for affordable housing, looked at both sides of the argument.
The NLA holds that there are many costs to running a successful lettings business that tenants are either unaware of or don’t consider in this debate.