The National Landlords Association (NLA) has hailed the publication of a new report that marks "an important watershed" for the buy to let mortgages sector.
Entitled the Review of the Private-Rented Sector, the paper - written by Dr Julie Rugg and David Rhodes - acknowledges the significant contribution that small landlords make to the housing market, according to the NLA.
It also discredits the claim that there is a crisis in the market, the association noted.
Commenting on the review, chairman of the NLA David Salusbury said: "It demonstrates and encourages a commitment to grow the business of letting for smaller landlords but also encourages larger-scale investment, where appropriate."
He added that the publication offers the government some sound policy options based on reliable, independent evidence.
Smartlandlord.co.uk also responded to the publication of the review, stating that it was good news for the buy to let industry.
Sunday, 10 August 2008
Saturday, 14 June 2008
Rental sector "alive and kicking"
The buy to let sector is "alive and kicking", with many investors planning to keep hold of their rental properties for the long-term, it has been suggested.
Figures from property portfolio management firm Young Group show that 98 per cent of investors intend to hold their assets for a minimum of ten years.
Furthermore, 20 per cent are planning to keep their properties for the next 15 years and beyond.
Those on tracker buy to let mortgages will have been buoyed by the recent Bank of England interest rate cut and yields are expected to rise as a result, the company stated.
Chief executive officer Neil Young commented: "Buy to let is arguably the world's second oldest profession and is certainly alive and kicking. With the correct advice and an analytical, long term approach, good returns are there to be made."
Recently Liam Bailey from Knight Frank said that he expects more investors to enter the buy to let market in the coming year.
Figures from property portfolio management firm Young Group show that 98 per cent of investors intend to hold their assets for a minimum of ten years.
Furthermore, 20 per cent are planning to keep their properties for the next 15 years and beyond.
Those on tracker buy to let mortgages will have been buoyed by the recent Bank of England interest rate cut and yields are expected to rise as a result, the company stated.
Chief executive officer Neil Young commented: "Buy to let is arguably the world's second oldest profession and is certainly alive and kicking. With the correct advice and an analytical, long term approach, good returns are there to be made."
Recently Liam Bailey from Knight Frank said that he expects more investors to enter the buy to let market in the coming year.
Wednesday, 14 May 2008
Friday, 14 March 2008
Tenants and landlords 'enjoy good relationship'
A new survey has revealed that the majority of landlords enjoy a good relationship with their tenants.
A poll conducted by the Deposit Protection Service (DPS) has found that 84 per cent of occupants get on with their landlords, while nearly a quarter of these described their relationship as "excellent".
The research dispels the common conception that the two are always at odds, the DPS stated.
"It comes as no surprise that tenants and landlords are, in general, getting on. Our figures show that since deposit protection legislation was introduced, relatively few disputes have needed to be resolved," commented Kevin Firth, the director of the organisation.
The DPS was set up in 2007 and currently oversees around £240 million worth of active deposits.
Landlords who take deposits from tenants are required to sign up to such government-backed schemes, notes mydeposits.co.uk, which also offers the service.
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