19
Nov
Mortgage finance 'boosts buy-to-let'
The buy-to-let industry is being boosted by continued high rental
demand caused by the difficulty of getting mortgage finance, it has
been stated.
Steven Hilton, the media relations manager for the National
Landlords Association, said: "Demand for rental property remains
high across the UK as more potential buyers turn to the
private-rented sector as it becomes increasingly difficult to get
hold of mortgage finance."
He noted that some landlords are "reluctant" ones who have put
their homes on the rental market because they have been unable to
sell them.
Mr Hilton advised that those in such a position should seek advice
and information as there are regulations to which they must
adhere.
In related news, the National Approved Letting Scheme (NALS) has
welcomed the fact that it is having discussions with the housing
minister responsible for the rental sector, Iain Wright, on how to
make the lettings agenda fit better with both government policies
and public requirements.
