14-01-2008
New data released on landlords' habits
A majority of landlords manage their buy-to-let property on a part-time basis, it has been claimed.
Data released by Alliance & Leicester Mortgages, as part of their annual landlord index, shows that a majority (87 per cent) of buy-to-let property investors manage their property on a part-time basis.
FSigures was collected on behalf of Alliance & Leicester Mortgages by YouGov.
"It is encouraging to see landlords taking a measured, long-term approach to their buy-to-let investments," said Stephen Leonard, director of mortgages at Alliance & Leicester.
"Releasing the equity built up in a rental property over a number of years could provide a crucial lump sum to cover future needs."
However, four per cent of respondents confirmed that properties are managed on a full-time basis.
A total of 741 landlords were polled between October 30th and November 2nd 2007.
Alliance & Leicester was established in 1997, after the stock market flotation of the Alliance & Leicester Building Society.
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