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Ezylet.co.uk survey reveals that three quarters of residential buy-to-let property owners would be affected by 6% interest rate – 41% expect profit margins to disappear

Aldershot, Hampshire – 1st October 2007 – A new survey from property lettings specialists Ezylet.co.uk, has today revealed that a fifth of landlords in Great Britain (20%) would seriously consider selling one or more of their property investments, or invest overseas (19%) if the British interest rate were to rise above 6%. The report, ‘Challenges for the Great British Landlord’ also suggests that 8% would get out of the buy-to-let market altogether and 41% would expect their profit margins to disappear.

Myak Homberger, Marketing Director at Ezylet.co.uk explains, “Between interest rates squeezing profit margins and agents taking large fees, there is an obvious demand for services that support landlords and help to reduce some of their overheads. Ezylet.co.uk for example, not only connects landlords and tenants free of charge, but provides a multitude of useful tools such as a portfolio management system and a network of useful trades’ people, as well as useful information about utilities, finance and insurance. Buy-to-let property investment has become extremely popular in recent years – attracting many ‘first-timers’ as a way of supplementing their income or pension arrangements. So, it’s critical that we work closely with organisations such as The National Landlords’ Association to find ways to better support them.”

Landlords that own and manage their own properties have an average of five domestic properties in Great Britain. 36% have two or three properties and 28% have four or more. Homberger continues, “This means that more landlords will feel a tight pinch from a 6% interest rate, than won’t.”

According to Ezylet.co.uk, in some parts of the country, the investment being made by buy-to-let landlords has been instrumental in the general improvement of property in the local area, and there is little doubt that this has led to an increase in many property values. Therefore, a downturn in buy-to-let property investment could have a wider social impact.

About Ezylet.co.uk:

An innovative new website, dedicated entirely to lettings, Ezylet.co.uk is focused on enabling landlords and landladies to maximise profits as it offers an extremely economical advertising platform and then introduces potential tenants free of charge. Operating across the UK, the Ezylet.co.uk website also strives to provide ongoing support to buy-to-let property owners and tenants alike by offering professional advice and services in partnership with a large number of independent organisations. The website is set up to directly introduce potential tenants to property owners, therefore removing the cost of using third parties which often eats into the profitability of operating in the rented accommodation market.

About the Research:

‘Challenges for the Great British Landlord’ details quantitative research conducted by independent market research company, Dynamic Markets on behalf of Ezylet. The sample covers 100 Great British landlords of residential properties across the north and south of Great Britain.

For further information contact:

Natalie Sutton, Maillot Jaune Communications
Tel: +44(0)1276 679570
Email: natalie.sutton@maillot-jaune.co.uk

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