The number of landlords buying in cash has increased more over the last year than at any other time report Countrywide. £21 billion worth of homes were purchased in cash over the last twelve months, 65% of all rental properties bought. This surpasses the previous high of 60% in 2011. Landlords buying in Northern England and Scotland are most likely to buy in cash with London landlords the least likely. Research Director of Countrywide, Johnny Morris, says “Landlords have increased their housing wealth considerably over the last ten years. This means cash purchases are steadily becoming a bigger part of the market, but a landlord buying with cash will often have a mortgage either on their personal home or other properties in their portfolio.”