Revealed in pounds and pence, the true cost of being a landlord

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Rising maintenance costs are driving landlords into unprofitability, leaving a black hole in the finances of ordinary people who rely on property to supplement their wages or pension.

Some are being forced to sell up or target only profitable tenants, such as foreign workers, to help balance the books. Exclusive research for Telegraph Money by Aldermore, the bank, found that landlords spent an average of £1,443 last year on plumbers, builders, letting agents and other tradespeople.

 

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