Wednesday, June 11, 2008

NLA latest on buoyancy of BTL

Buy-to-let is a safe bet insists NLA

The UK buy-to-let (BTL) market remains strong despite the reduction in available mortgage products, the National Landlords Association (NLA) has said. NLA insists that average UK rents have increased by 13.8 per cent in the year to April, with the market holding up due the fact that first time buyers are struggling to get on the property ladder and have no choice but to rent. It says that with this increased demand comes an increase in rent and, for the professional landlord, opportunities to expand property portfolios.

Posted by jack c @ 03:54 PM (874 views)
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9 thoughts on “NLA latest on buoyancy of BTL

  • tyrellcorporation says:

    Not really worth commenting on… bu**er!

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  • last_days_of_disco says:

    David Salusbury, chairman of NLA, said: “In the current economic conditions it will be important for landlords to keep in close contact with their mortgage broker.”

    What? As opposed to not even knowing that your mortgage broker is applying for mortgages without your say so and that your “tenants” are growing flat loads of weed on your behalf. Please, who do these guys think they are fooling?

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  • Welcome to the parallel world of the BTLer. But in the real world their rental figures are about as believable as government inflation figures.

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  • Still-waiting says:

    Rental market is going strong in my area. As I viewed a property another couple were just leaving having viewed. A lot of properties (ie ones that aren’t complete s&&holes) are being let before the agents have even had time to get them onto Rightmove. It had only been advertised a few hours. Informed my landlady I’m moving out of my rented property, and within 1 day of her informing the rental agent there are 3 viewings set up.

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  • rents have remained pretty much flat in Glasgow for the last 3 years….13% my as*…although if you’re in commuter distance to london those figures are probably about right…..

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  • dohousescrashinthewoods says:

    ROTFL

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  • it_is_going_with_a_bang says:

    Whatever happens they will push the its a great life being a BTLr story

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