New site for landlords helps keep "costs down and tenants happy"

Posted: 10 Jun 2008 13:19:44 GMT

As lenders tighten their criteria and mortgage rates soar, a new website has been launched to encourage landlords to stay in the market by helping to keep "costs down and tenants happy".

As lenders tighten their criteria and mortgage rates soar, a new website has been launched to encourage landlords to stay in the market by helping to keep "costs down and tenants happy".

The site, LandlordNanny.com, offers investors tax advice so they can get the best return on their investment, legal compliance information and contact details of reputable tradesmen.

Neill Hucklesby, chief executive of LandlordNanny, said: "The key partnerships and expertise offered on LandlordNanny.com gives users the solutions, tools and confidence to oversee their own property portfolio without expensive help."

There are also time-saving tenant letter templates and "to-do" lists on the site that allows landlords to manage their properties efficiently.

Despite the recent announcement by Bradford and Bingley of rising arrears in buy-to-let lending, some commentators remain optimistic about investor's prospects.

The Association of Residential Letting Agents (Arla) has suggested that the fall in house prices has left demand for rental accommodation at its highest rate for five years.

An Arla spokesman said in an article in the Scotsman: "Most buy-to-let investors have got quite good cushions both in terms of their loan-to-value [about 70 per cent] and how they did their sums in the first place."

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