Landlord optimism improving, as rents increase
by Sarah Ashcroft
Optimism among landlords has reached its highest point since 2007, according to the National Landlords Association (NLA), which reflects high demand for accommodation and rent increases
Sixty five per cent of landlords now rate the prospects for their lettings business as either good or very good.
However, many remain uncertain about the state of the UK financial market, which could affect access to mortgages which many rely on to support their property portfolios.
NLA chairman David Salusbury noted: "It is encouraging to hear that the majority of landlords are feeling positive about their lettings business and the overall state of the private-rented sector."
He added that increasing availability of buy-to-let mortgages and strong demand for rental accommodation is stimulating further positive sentiment, "with rent arrears
appearing to stabilise and void periods decreasing in recent months".
Earlier this week, Cluttons forecast that prime London lettings are on track for rent increases
of up to £1,052 by December, 30 per cent higher than in December 2009.
- Landlord and Tenancy News from Lawpack: Solicitor-approved Rent Increase Notice (Section 13) with expert guidance on how to complete the legal form
Published on: August 26, 2011
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