3rd
Mar 2025
Recent findings have unveiled the “true cost” of being a landlord, with property maintenance expenses surging by 26.24% since 2022.
A report from an insurance provider underscores the increasing challenges landlords encounter ranging from expensive repairs to tenant disagreements over accountability.
The insurer’s recent survey reveals that the average UK landlord now spends £1,374.07 annually on maintenance—an increase of £285 compared to 2022.
Regional differences remain significant with Edinburgh ranking as the priciest city for maintenance, followed by Newcastle and Glasgow. Surprisingly London, which was previously the most expensive city for landlords, has now fallen to sixth place.
Among the highest maintenance costs are £906 on average for roof repairs, £665 for electrical issues, and £655 for heating system problems.
Nearly 60% of landlords have reported disputes with tenants over maintenance problems, marking a significant increase from 48.5% in 2022. The rise in living costs, coupled with soaring rental prices, has fuelled tenants; growing demands for better upkeep, intensifying tensions between both parties.
In addition to routine maintenance, landlords are facing a sharp rise in damage repair expenses. According to the survey, the average cost of repairs has soared by 121%, increasing from £473 in 2022 to £1,043 in 2024. Among the costliest types of damage is theft, which averages £1,128 annually, with Southampton, Leeds, and Liverpool bearing the brunt of these high repair bills.
Fire damage ranked as the second most expensive repair challenge for landlords.
The study also highlighted a significant decline in the number of uninsured landlords, dropping from 20% in 2022 to just 3.8% in 2024. The company warned that despite
this improvement, over 100,000 landlords remain exposed to potential financial risks from unexpected damages.
A spokesperson for the insurer, said: “There is no legal requirement for landlord insurance, but with repair costs rising and disputes increasing, it’s a critical safeguard.
“Landlord insurance can protect against financial losses from theft, fire, or weather damage, and even cover loss of rent. With the landscape of renting changing rapidly, ensuring you have the right policy in place is more important than ever.”
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