2 Mar

Buy-to-let situation 'more optimistic than portrayed'

Buy-to-let situation 'more optimistic than portrayed'

While the private rental sector is facing some challenges, the suggestion that it is in a deep crisis is unwarranted, industry experts have stated.

Commenting on the situation, a spokesperson for Smartlandlord.co.uk noted that problems have arisen for some due to the diminishing supply of mortgage finance.

"But behind the press hysteria is a more complex and less Armageddon-like story. There are even some great opportunities for experienced landlords in the current market," the expert noted.

The representative went on to state that there has been a recent increase in investors attending auctions, a sign of a growing belief that the bottom of the market is close.

Similarly, the Young Group of property portfolio managers stated that while the situation may not be as favourable as was once the case, "opportunities do still exist" for investors.

Last week the National Landlords Association advised that investors could avoid problems with tenants such as rental non-payment through forming good relationships with them.

It said that by ensuring both sides were kept up-to-date with any problems, these could be dealt with swiftly.
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