- 25% deposit on buy-to-let properties leads to struggling profits in 92 local authorities in England and Wales.
- Interest rates have increased to 4.84% from 1.53% at the beginning of 2020.
- 24 of the 92 authorities are located in London.
- Many landlords entering the market in the past 5 years face greater financial pressure.
- Annual rent growth is predicted to slow to 4-5% by the end of 2023.
Mortgaged landlords face falling profits and refinancing hurdles
24 London council areas no longer likely to be viable for higher borrowers, research finds
James Pickford
