Wednesday, June 11, 2008
NLA latest on buoyancy of BTL
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.