15 May

NLA reflects on new property report

NLA reflects on new property report

The National Landlords Association's (NLA) spokesperson Steven Hilton has responded to a new report on the buy-to-let property market.

We All Live in a Robbie Fowler House, which was produced by the University of Nottingham's School of Geography, suggested that buy-to-let has become a vital part of the UK's economy and it also gave an indication of what is needed to be a landlord.

Mr Hilton said: "It comes as no surprise to the NLA that the report suggests landlords must have "local knowledge and active management" in order for their lettings business to prosper."

Indeed, the spokesperson indicated that the fundamentals of the sector are currently strong, but the biggest problem for would-be landlords is finding the finance to take out a mortgage.

He also stated that this is something affecting both experienced and new landlords alike.

The Nottingham report, which used the name of footballer Fowler, who is renowned for his large property portfolio, said that experienced investors were trying to take advantage of low house prices by increasing their property portfolios.

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