British landlords have paid out £4.3bn extra in mortgage interest over the past 12 months compared with the year before.
An analysis published today shows that investors paid a total of £15bn of mortgage interest to service loans on their rental properties in the year to the end of August. The figure is 40% higher than the previous 12 months, which stood at £10.7bn.
The research, by Hamptons, shows that landlords took on 43% more debt during the 2015-21 period, as their interest bill decreased by 3%.
Landlords are now paying a record 37% of the rent they receive in mortgage costs, up from 28% a year ago.
It is the highest percentage since Hamptons started tracking the figures.
