Private landlords look to be leaving the rental market at a record pace, according to research from the property website Rightmove.
Landlords say this shows a “worsening crisis” in private renting. The National Residential Landlords Association today warned that every rental home that is sold “exacerbates the imbalance between supply and demand.” In the year 2000, 10% of all households in England were private renters. By 2023, that share had nearly doubled to 18.8%.
That suggests that the gap between renting and borrowing is not huge when it comes to the monthly mortgage payments.