Estate agent Countrywide has found that large numbers of landlords are paying for buy - to - let properties in cash . Over the past year , 70 % of all homes bought by a landlord were purchased with cash , up from 60 % in 2011 . The figure is the highest since 2007 when Countrywide began keeping records . Over the past year landlords paying with cash bought £ 21bn of homes , spending £ ##30 m more than in 2016 , and 32 % more than in 2007 . The average rate of rental growth dropped to 0 % in October , from 1.1 % in September , with the average British new let being £ ##50 a month .
Estate agent Countrywide has found that large numbers of landlords are paying for buy-to-let properties in cash. Over the past year, 65% of all homes bought by a landlord were purchased with cash, up from 60% in 2011. The figure is the highest since 2007 when Countrywide began keeping records. Over the past year landlords paying with cash bought £21bn of homes, spending £200m more than in 2016, and 32% more than in 2007. The annualised rate of rental growth dropped to 0.5% in October, from 1.1% in September, with the average British new let being £958 a month.