Quote Originally Posted by BillyCasper View Post
Anybody know what proportion of the rental market is made up of highly leveraged BTL landlords?
Fairly low. Whilst leverage has always been a key ingredient of BTL's because of modest triple net yields, the changes to tax reliefs drove a lot of private BTL landlords out of the market a number of years ago. The market is still structurally under-supplied with housing for the rented sector, which is why the likes of Legal and General have launched massive PRS (Private Rented Sector) investments.

BTL Landlords will be in for a tough time as inflating rents at the same margin as debt cost increases is unsustainable too, so you'd need to be able to hold for a while and fund off an income deficit. It will be the level of forced sellers that determines the magnitude of market correction, inertia will only last for so long then I suspect the Government will come under pressure to introduce further legislation to protect tenants / homeowners