Stuart Law, Chief Executive, Assetz, responds to speculation that Britain’s buy-to-let market looks set to collapse:
“The buy-to-let sector remains firm, with established landlords continuing to benefit from strong and rising rental demand. While a number of amateur landlords may be struggling with new mortgage payments, they make up a very small proportion of the market and they will already be beginning to benefit from increasing rents. As a result, I would expect to see arrears begin to fall in due course.
“Experienced buy-to-let investors are in a strong position to weather the current storm and to benefit from the increase in demand for rented accommodation. The current negativity has resulted in a significant fall in the number of first-time buyers entering the market over recent months, with many expected to stay away over the short term. As a result, strong rental demand is set to continue, providing good news for landlords.
“In fact, with an increase in repossessions and auction activity also expected over the coming months, as borrowers with poor credit ratings struggle to remortgage, experienced buy-to-let investors will be able to further capitalise upon opportunities in the current market.”
You can view all of the Assetz® UK, International and UK Property Investment Articles and News here.
We also provide an
Feed of
the news service, or you can view all articles. Click
here to view more information on RSS readers and how they make reading online news more convenient.