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Landlord numbers rise again

1 June 2016

Landlord numbers rise again
The number of landlords in the United Kingdom has risen to 1.75m in 2013- 2014, according to figures released by Her Majesty’s Revenue and Customs (HMRC) and estate agent ludlowthompson.

The figures are based on data collected by HMRC.

The number of landlords in the UK has grown by 7% in comparison to 2012 – 2013.

Net income is also up for landlords from £13.1bn to £14.2bn.

However, the figures are likely to have risen even more since then as the recent stamp duty increase on 1 April 2016 led to a temporary boom in lending and property sales prior to its introduction.

As a result, mortgage lenders declared a 226.1% year-on-year rise in the number of loans for property purchases taken out in March this year.

These numbers also mean that the government collected nearly £1.2bn more in tax from property transactions – the highest income since records began.

On the other hand, market experts have noted that the trend has reversed since April, with property sales and lending dropping sharply.