29
Jun
NLA: Rental sector must stay strong
There needs to be a strong buy-to-let industry to complement the
traditional housing sector, it has been claimed.
According to the National Landlord's Association (NLA), the
recession hit many landlords hard and they have found themselves in
financial difficulties.
As a result, they need "sufficient space to try and deal with their
financial problems" that can be created with the establishing of a
strong rental sector.
This is because the organisation believes it is making a growing
contribution to the housing industry as a whole.
David Salusbury, chairman of the NLA, said: "By moving quickly to
repossess properties owned by buy to let borrowers, the problems of
pressure on social housing and increased homelessness will not go
away."
Earlier this month, landlords were advised to take note of the
newly published British Property Federation guide as it contains
information on how the carbon reduction commitment scheme - to be
implemented next year - will affect them.
