The sentiment research from Foundation Home Loans revealed that 14% of respondents became a landlord through an accidental circumstance, such as through marriage, relocation or other circumstances.
In addition, almost one in 10 landlords (9%) inherited their properties.
Just under a quarter of respondents (23%) said they became a landlord purely for financial reasons as they considered it to be an attractive investment, with 21% planning to use the rental income to support their retirement plans.
- Precise offers limited edition BTL range
- LendInvest strengthens BTL team
- Opportunities for UK holiday let investors
The majority of landlords polled (60%) said that they had another full-time job and were landlords in their spare time, while a fifth (19%) had a part-time job, but spread their time among their various landlord duties.
“With so much regulation introduced into the buy-to-let market in the last few years, it could be easy for those who are unplanned landlords to make a swift exit rather than stay and navigate the red tape,” said Jeff Knight, marketing director at Foundation Home Loans.
“That said, no matter how they found themselves owning rental property, it’s clear landlords are interested by the buy-to-let market for a variety of reasons and objectives, financial or otherwise.”
Leave a comment