A mortgage lender’s latest survey has revealed that just over half (52%) of Buy-to-let Landlords are using their rental income to ‘top up’ their ‘day’ jobs income.
The research also suggests that even Landlords with multiple properties are still choosing to work full-time. The survey found that 32% of landlords who own over 10 properties use the rental income to ‘top up’ their full time jobs. Nearly a fifth of landlords with more than 20 properties enjoy other income as well as their rental income.
The report found that around a third of landlords live solely off of their property portfolio incomes and nearly half (47%) who have six to ten properties, do the same.