Recently published data showing a record number of 47,000 property incorporations last year has reinforced the view among some commentators that the age of the amateur landlord is coming to an end. But is that really true?
Investors with up to three properties are often referred to, perhaps a little disparagingly, as ‘amateur’ landlords. And for regulatory purposes, they are classified as non-portfolio landlords, with the Prudential Regulatory Authority (PRA) defining a portfolio as comprising four or more mortgaged properties.
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