NLA confident of UK lettings success

News Category: Industry News

This article was brought to you by Rentman the premium property management system

The National Landlords Association (NLA) has said it is confident newer and more experienced landlords alike can make a success of their lettings business as long as the private rented sector adapts to current market conditions.

Steven Hilton, a spokesperson for the group, said that the main threat to the sector at the moment is the "lack of available mortgage finance" for those interested in buy-to-let.

Fundamentals for buy-to-let remain strong, claimed Mr Hilton, who was commenting on the back of a new report from the University of Nottingham.

Entitled We All Live In Robbie Fowler House, the publication from the institution's School of Geography suggests that more-established landlords are putting themselves in a position to add to their property portfolios as prices come down.

It also indicated that buy-to-let is an established part of the UK economy.

The NLA spokesperson said the finance situation "impacts on landlords with a small number of properties right through to larger investors".

See how a property management system makes property management easy