x
By using this website, you agree to our use of cookies to enhance your experience.

A new survey suggests that thousands of landlords find the buy-to-let market more stressful than they expected.

Research from advice firm UK Landlord Tax show that two-thirds of landlords were currently more stressed than 12 months ago, while 25% said they found their responsibilities more onerous than they expected.

Almost six in 10 reported issues with late rent payments, while half said they spend at least 20% of their annual holiday entitlement sorting out issues with their properties.

Simon Thandi, director at UK Landlord Tax, said: "Following the dramatic increase in landlords in the UK it's not surprising that they are becoming more stressed. Letting properties is a serious business and with the number of so-called accidental landlords' increasing significantly it's no surprise that landlords are feeling the pressure."

The company found that expat landlords were feeling the greatest amount of pressure.

Despite these issues, three-quarters said they had no plans to stop letting out their properties over the next 12 months.

But more than half of those questioned said they did not expect to make a profit over this period either.

Comments

MovePal MovePal MovePal