Estate agent Countrywide has found that large numbers of landlords are paying for buy-to-let properties in cash. “Rental growth across northern England has slowed under pressure from record numbers of new landlords. Over the past year , 65% of all homes bought by a landlord were purchased with cash, up from 60% in 2007 . 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 £ 958 m more than in October , and 1.1% more than in 2007 . The annualised rate of rental growth dropped to 0.5% in 2011 , from 1.1% in September , with the average British new let being £ 958 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 2007 . 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 £ 958 m more than in October , and 1.1% more than in 2007 . The annualised rate of rental growth dropped to 0.5% in 2011 , from 1.1% in September , with the average British new let being £ 958 a month.