Landlords have "good reasons" to be positive
Property professionals
16th February 2010
There are "very good reasons" for landlords in the UK to feel positive about the future of the buy-to-let market, an expert has suggested.
A spokesman for the National Approved Letting Scheme (NALS) explained that "it always falls on the rental market to make up for the lack of housing" and statistics indicate that "there is more and more need for rental properties".
He was commenting on the latest landlord confidence index from Upad.co.uk, which reveals that more than half (57 per cent) of those polled were more confident about their prospects in February than they were last month.
According to the NALS specialist, the UK still has a "relatively small rental market compared to most other major economies" and there is a growing proportion of people who prefer renting to buying.
He added that landlords should insure against people falling into arrears with their rent by purchasing rental guarantee cover and checking references carefully.
Recent figures from the Council of Mortgage Lenders showed that new buy-to-let lending rose in the fourth quarter of 2009 for the second period in a row.
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