29 Jun

NLA: Rental sector must stay strong

NLA: Rental sector must stay strong

There needs to be a strong buy-to-let industry to complement the traditional housing sector, it has been claimed.

According to the National Landlord's Association (NLA), the recession hit many landlords hard and they have found themselves in financial difficulties.

As a result, they need "sufficient space to try and deal with their financial problems" that can be created with the establishing of a strong rental sector.

This is because the organisation believes it is making a growing contribution to the housing industry as a whole.

David Salusbury, chairman of the NLA, said: "By moving quickly to repossess properties owned by buy to let borrowers, the problems of pressure on social housing and increased homelessness will not go away."

Earlier this month, landlords were advised to take note of the newly published British Property Federation guide as it contains information on how the carbon reduction commitment scheme - to be implemented next year - will affect them.
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