New buy to let research published

10 November 2009

Written by Steve Olejnik

New research has revealed the reasons buy to let private landlords give for setting the rent levels they do.

According to research agency BDRC's study, 21 per cent of landlords set rent levels in order to cover their business costs, while 15 per cent decide on charges that slightly undercut the market norm.

Some eight per cent of landlords apparently do not decide on rent at all, leaving this decision up to the letting agents who market their properties for them.

BDRC's survey also found that just over 25 per cent of all UK private landlords broke even or made a loss during the three months to September.

Of those who fell into this category, one per cent said their losses were "large" and seven per cent described their third quarter as bringing small losses.

Mortgage provider Paragon Group revealed earlier this month that one-third of the UK's landlords think more tenants will be looking to live in buy to let property in the coming year.

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