Poll
Trend: Landlords with larger portfolios on the rise
Comparing the results of surveys from 2010 and 2016, the Council of Mortgage Lenders found that the proportion of respondents who manage only one property has fallen from 78% to 63%.
Similarly, the share of landlords managing two to four properties rose from 17% to 30%.
In 2016, 6% of landlords surveyed owned between five and nine properties, while 2% owned between 10 to 24.
Who are the landlords?
87% of landlords managed their portfolio as an individual or a couple, while the rest represented a company or other group.
Despite the rise in properties managed, 95% of landlords did not consider letting to be their main business or occupation.
90% claimed that rental income comprised less than half of their total income.
Only 4% relied on rent for between 75-100% of their income, 1% lower than in 2010.
The CML admitted that the two surveys relied on different sample sizes, which may have impacted the results.
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