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There is a misconception among some people that all buy-to-let landlords are wealthy, but the reality is that most operate as individuals earning a modest income from buy-to-let property that is likely to supplement other earnings, the latest figures show.

The findings from the latest Private Landlords Survey, published by the Ministry of Housing, Communities and Local Government (MHCLG), show that 94% of landlords in England operate as private individuals rather than as part of a company and on average earn £15,000 a year before tax and other deductions.

The research, the first of its kind since 2010, also reveals that for most landlords income from rent makes up 42% of their total gross income, with just 4% relying on buy-to-let as their main business.

 

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