Landlords 'should have more government support'

Posted: 31 Jan 2011 08:57:20 GMT

The government should support landlords by pushing lenders to increase provision of buy-to-let mortgages, it has been argued.

Landlords should receive more government support in order to encourage lenders to grant buy-to-let mortgages, it has been claimed.

Chris Town, vice-chair of the Residential Landlords Association, noted although the market appears to be "loosening up … it is still very restrictive for professional landlords who wish to get into the market in a serious way".

Britons hoping to let property privately may find limited new home construction means it is difficult to join the buy-to-let market, as a shortage of real estate will potentially push up prices and make it harder to secure a loan.

However, landlords might be happy to hear a recent report by Paragon shows almost half of mortgage lenders forecast an increase of buy-to-let transactions in the coming months, with 46 per cent planning to raise their provision before the end of 2011.

And letting property may already be simpler than in recent years, as 51 per cent of respondents said landlords' mortgages were easier to find during the final three months of 2010.
 

© Houseladder Ltd