NLA: Landlords won't desert the buy-to-let sector

18 2008
Landlords are not responding to the current housing crisis by selling up and leaving the buy-to-let sector on its knees, according to the National Landlords Association (NLA).

Some observers have suggested that with increasingly less mortgage products on the market, landlords looking for investment may soon become thin on the ground.

While that would be bad news for young professionals currently looking to rent as mortgage rates increase, NLA chairman David Salusbury has explained that it is an unlikely prospect.

He said: "The National Landlords Association does not subscribe to the view that the end is in sight for the buy-to-let market.

"On the contrary, we believe now is a good time for the professional portfolio landlord, many of whom will be benefiting from increased demand and rising rents."

Mr Salusbury added that landlords will continue to invest as they can find the most appropriate products by comparing deals.

His view is corroborated by recent research from mortgage specialist Paragon, which showed that the average of UK rents increased by 13.8 per cent in the year leading up to April 2008.
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