‘Very Real Risk’ of Landlords Exiting Rental Market Amid Soaring Mortgage Rates

‘Very Real Risk’ of Landlords Exiting Rental Market Amid Soaring Mortgage Rates
Terraced houses in southeast London on Jan. 13, 2023. Daniel Leal/AFP via Getty Images
Alexander Zhang
Updated:

There is a “very real risk” of landlords quitting the rental market under the pressure of soaring mortgage rates, a property firm has warned.

According to research conducted by Savills, Investors’ net profits fell below 4 percent in the first quarter of 2023, marking a “dramatic shift in finances” for mortgaged buy-to-let buyers.