30 Sep

Buy-to-let still strong, says NLA

Buy-to-let still strong, says NLA

The National Landlord s Association (NLA) has said that the buy-to-let industry is not dead, despite the nationalisation of buy-to-let mortgage lender Bradford & Bingley.

It has pointed out that only between 25 per cent and 30 per cent of buy-to-let investors use a mortgage to fund their acquisitions in any case, while a number of other factors are helping to keep the market buoyant.

Among these are demographic factors such as immigration, large student numbers and a higher overall number of households owing to social and lifestyle factors, all of which create extra demand for rent.

The body also noted that most investors keep their portfolios for long periods of around 15 years.

NLA head of communications Simon Gordon said: "It is simply not true that the nation's landlords are now facing some sort of crisis."

Yesterday the Council of Mortgage Lenders produced statistics to show that the level of repossessions was no higher for buy-to-let mortgages than for residential mortgages.
ADNFCR-1222-ID-18804384-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.