Number of private landlords falls while buy-to-let is on the rise


The number of landlords renting privately to tenants has dropped to a seven-year low, according to a report in the FT.

There are 223,000 less “amateur landlords” than there were two years ago.

The 3% charge on stamp duty land tax for second homes and buy-to-let has dampened enthusiasm for smaller landlords, the report says. This caused many to leave the industry while landlords with bigger portfolios, who could afford the regulatory changes, remained.