23 Mar

Buy-to-let deals 'more competitive'

Buy-to-let deals 'more competitive'

Buy-to-let mortgage deals may be fewer in number than before, but those in existence now are as competitive as ever, it has been stated.

This point was made by National Landlords Association chairman David Salusbury, who wrote in UK Landlord that the current time is a good one for investors to buy property.

He suggested that landlords should act like "prudent business people" in reviewing and developing their portfolios, taking into account how they find tenants, their facilities and the competitiveness of rental prices.

"Reducing property prices mean that portfolio landlords should find opportunities to expand their portfolios if they have funding streams in place," he concluded.

Last week TV presenter and co-owner of Uber Interiors Melissa Porter noted that a major demographic trend in recent years has been an increase in the number of professional single women living alone, a factor that may influence the development of rental portfolios.
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