2009 set to be difficult year for private landlords

04 2008
A Times report published on Monday (November 3rd) has outlined various key issues in succeeding as a private buy-to-let landlord.

The publication of the report itself almost says as much about the state of the sector as the content of the current_article, as the industry is facing a trying time.

With 1.2 million Brits currently holding buy-to-let mortgages and the industry changing as a result of environmental demands and the economic crisis, there is concern over how long these landlords will remain in business.

A recent Alliance & Leicester survey found that over three quarters (77 per cent) of respondents were reporting profits, although landlords with only one property were less likely (56 per cent) to report confidence in the next 12 months.

Despite the plight of the buy-to-let landlord, reports have already made much of the surge in the number of properties available for rent now as a result of the credit crisis, meaning today is a good time to be a tenant.

Even in boom times, the stability of rent fees and low financial risk creates an attractive option for those unwilling to buy a house.ADNFCR-1219-ID-18859191-ADNFCR

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