Bairstow Eves News

  • The latest news and articles 
  • Local stories 
  • Guides and information on the current property market
  • Surveying

    Professional chartered surveyors. Uncover any potential structural faults before you buy...more

  • Mortgages

    Rates are at an all-time low! Exclusive mortgages available through Countrywide Mortgage Services...more

  • Home Insurance
    Home Insurance

    Buildings, Contents and Mortgage Care insurance through Countrywide Mortgage Services...more

  • Auctions

    Snap up a bargain by purchasing property at auction...more

  • Conveyancing

    Seamless legal service helping you move as quickly as possible...more

  • FirstBuy

    Buy your own home with just 5% deposit...more

Company landlords reach record high 

One in five homes let are owned by a company landlord. The proportion of homes let by a company landlord reached 20% in Q1 2017, the highest proportion since records began in 2010 according to the Countrywide Lettings Index.

The numbers have been steadily rising since 2013, but Q1 2017 recorded the biggest annual jump (6%). Changes to tax relief on rental properties, announced by the former Chancellor in the 2015 Spring Budget may be behind the rise. The changes, being tapered in over a four-year period beginning on 6th April 2017, reduce the tax relief landlords are able to claim to the basic tax rate of 20%. It’s the landlords with a highly-mortgaged property portfolio who will be most affected by these changes. Companies are generally taxed more favourably which means that landlords can typically save more by holding their buy to let properties in a company rather than as an individual.

Landlords letting homes in London are most likely to own their property using a company name. 27% of properties let in London are owned by a company, a larger proportion than anywhere else. Company landlord lets drive the top and bottom of the rental market with the most and least expensive homes likely to be owned by a company landlord. Over the last year, a quarter of homes let by a company landlord cost less than £500 PCM. Nearly one in ten homes (9%) let for between £1500 and £2000 PCM were owned by a company landlord, compared to 6% owned by non-company landlords.

We use cookies on our website which are strictly necessary to ensure optimal site performance, functionality and for analytics. You can manage your cookie preferences via your browser settings. To learn more about the different types of cookies and how we use these, please see our Cookies Policy.