UK has more than 300,000 ‘accidental landlords’

The survey, which asked landlords why they first entered the buy to let market, shows that 11% did so by chance, e.g. through inheriting property; 5% acquired an extra property, e.g. when they met a spouse; 5% intended to sell but experienced difficulties, and 3% had to relocate for work.

Central London was found to have the highest proportion (31%) of accidental landlords. The North West had the least (15%). However, the research also shows that 30% of landlords with a single property only break even or make a loss.