25 Feb

Buy-to-let 'has not impacted on first-timers'

Buy-to-let 'has not impacted on first-timers'

The impact that buy-to-let investors have had on first-time buyers is minimal, according to a spokesman at the Association of Residential Letting Agents.

Malcolm Harrison believed that any claims to the contrary are "a load of rubbish" as investors go for the middle market.

Until recent times, the official noted, all such landlords have done is "refinance big chunks of the private rental sector".

In addition to such comments, Mr Harrison stated that the private rented sector now makes up 12 per cent of the entire market.

"What we want buy-to-let to do is to increase [within] the private rental sector, because it's still very small," he commented.

A recent report from the National Housing and Planning Advice Unit documented that the buy-to-let sector has had an impact on inflation in property prices.

Despite this, other factors in the rise include stable rates of interest and growing incomes, it said. ADNFCR-1222-ID-18481374-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.