Up to 12 in one homes on the UK rental market is owned by an "accidental" landlord – a property owner who struggled to sell – with the majority of incidents in London and South East , according to data from estate agent Countrywide. Lastly, if they buy a new residential property before selling their old home they can be charged an extra 3% stamp duty surcharge. It revealed that Scotland was responsible for 5.6% of new rental homes, compared to 5.6% in Scotland , while accidental landlords face extra financial pressures, from mortgage repayments outstripping rent, to 3% stamp duty if they buy a new property before selling their old home.
Up to 12 in one homes on the UK rental market is owned by an "accidental" landlord – a property owner who struggled to sell – with the majority of incidents in London and South East , according to data from estate agent Countrywide. It revealed that Scotland was responsible for 5.6% of new rental homes, compared to 5.6% in Scotland , while accidental landlords face extra financial pressures, from mortgage repayments outstripping rent, to 3% stamp duty if they buy a new property before selling their old home.