2
Mar
Buy-to-let situation 'more optimistic than portrayed'
While the private rental sector is facing some challenges, the
suggestion that it is in a deep crisis is unwarranted, industry
experts have stated.
Commenting on the situation, a spokesperson for Smartlandlord.co.uk
noted that problems have arisen for some due to the diminishing
supply of mortgage finance.
"But behind the press hysteria is a more complex and less
Armageddon-like story. There are even some great opportunities for
experienced landlords in the current market," the expert
noted.
The representative went on to state that there has been a recent
increase in investors attending auctions, a sign of a growing
belief that the bottom of the market is close.
Similarly, the Young Group of property portfolio managers stated
that while the situation may not be as favourable as was once the
case, "opportunities do still exist" for investors.
Last week the National Landlords Association advised that investors
could avoid problems with tenants such as rental non-payment
through forming good relationships with them.
It said that by ensuring both sides were kept up-to-date with any
problems, these could be dealt with swiftly.
