Miles & Barr lettings were included in research conducted by the Council of Mortgage Lenders on UK landlords which has found that 49% of UK landlords own their property outright.
Based on a survey of 2,500 landlords also found that 50% of rented properties in the UK are owned by buy-to-let landlords. 62% of them own a single property and over half of buy-to-let landlords own more than one.
The average buy-to-let portfolio is 2.7 properties. This has decreased since 2004, when similar research was conducted. In 2004, over 30% of buy-to-let landlords had 6 or more properties, while this number is now around 7%.
Information care of: CML