Lack of mortgage finance 'affecting landlord portfolios'
Property professionals
15th May 2009
The lack of mortgage finance is the biggest issue affecting landlords who want to increase the size of their property portfolios, it has been claimed.
According to National Landlords Association (NLA) spokesperson Steven Hilton, those who would like to invest on an uninformed or speculative basis are finding it more difficult to do so.
"[The lack of financing] impacts on landlords with a small number of properties right through to larger investors," he commented, adding that a reduction in housing option is not good news for tenants.
A recent report from the University of Nottingham, however, claims that the fundamentals of the buy-to-let market are strong, meaning it will survive the economic downturn.
The study found that the better established landlords are preparing to purchase properties at lower prices from their smaller rivals.
With more than 13,000 members the NLA aims to promote the interests of the UK's private sector residential landlords.
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