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NLA calls for greater innovation in B2L market

Research from the National Landlords Association has shown that almost three-quarters – 74%, of landlords agree that the buy-to-let market needs greater innovation.

While an overwhelming proportion, 89%, also believe it would benefit from more lenders or greater competition.

However, although many landlords were dissatisfied with the current range of buy-to-let products on the market, the research found that property acquisition is in fact on the rise with one-in-ten landlords having added properties to their portfolios over the last three months and one-in-five expecting to do so in the next year.

Furthermore, more than half of landlords surveyed do not believe that access to buy-to-let mortgages is getting any easier, with three-in-five agreeing that their individual circumstances as landlords are not being considered by buy-to-let lenders.

David Salusbury, chairman of the NLA, says: “Early signs of increasing property acquisition suggest that landlords are feeling more confident about future prospects of the buy-to-let market.

“However, while these findings are encouraging, some professional landlords, with more extensive portfolios, seem to be struggling to secure funds for additional expansion.

“The private-rented sector is playing an increasingly important role in the provision of housing. Buy-to-let products must be sustainable, with consideration for the longer term, if the private-rented sector is to rise to this challenge.”


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  • GHU 21st May 2012 at 9:45 am

    From my experience the fact that a landlord may hold ten or more properties does not necessarily mean that they are ‘professional’. Indeed a lot of these landlords have levereaged so heavily to acquire new property that they are quite exposed, especially if interest rates rise. It seems to be forgotten that these borrowers have been some of the major beneficiaries of lower interest rates but, as and when interest rates rise, they may struggle to subsidise any voids.

    Cashflow problems are the biggest enemy of all businesses and I have seen applications from large portfolio holders where it is obvious that they will start to suffer when they have to start paying higher monthly payments.

  • Professional and Commercial 17th May 2012 at 1:20 pm

    Buy to let mortgages are now restricted mainly to amateur landlords who own less than 10 properties. Which is strange considering Professional landlords are far more experienced and own the lions share of properties.
    Finance is available for Professional landlords but they need to approach a specialist broker.