In the past year, more companies have been created to hold buy-to-let properties than ever before. According to data analysed by Hamptons letting agency, there were 47,400 new BTL companies registered in the UK in 2021. Quite shocking, isn’t it?

This number is actually double the number of companies set up in 2017. This was also the year when it was announced that investors with properties in their names can no longer claim mortgage interest as an expense.

Although new incorporations did not grow as rapidly as in previous years, a 14% increase was recorded between 2020 and 2021. This is down from a 30% increase between 2019 and 2020.

As the UK emerged from the first lockdown, the number of BTL companies had passed the 200,000 mark. However, by 2021, this figure had risen to a record high of 269,300. Since the end of mortgage interest relief in April 2017, 61% of these have been established.

Surely interesting data will continue to emerge as we slowly move out of the pandemic and property business continues to grow and flourish.

I am constantly enthusiastic talking about all things property and would love to know your views about this too.