Buy-to-let sector ‘revitalised’
Landlords have helped revitalise the success of the buy-to-let mortgages sector in recent months, an industry official has said.
Ian Potter, head of operations at the Association of Residential Letting Agents (Arla), said small-scale landlords have served the private rented sector well and thereby supported the UK property market.
"Without this backbone, the sector would never have been revitalised and the housing market would be having even more problems," he stated.
His comments come after Professor Rugg presented a report to the government, recommending reforms on licensing and small-scale regulation - findings which Arla supported.
More borrowers took out buy-to-let mortgages in September than in any month over the last year, according to a survey by Spicerhaart Financial Services this week.
Steve Cox, operations director at the firm, said the findings showed that borrowers did not support speculation that the buy-to-let mortgage sector was running its course because of the current economic crisis in the money markets.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
Ian Potter, head of operations at the Association of Residential Letting Agents (Arla), said small-scale landlords have served the private rented sector well and thereby supported the UK property market.
"Without this backbone, the sector would never have been revitalised and the housing market would be having even more problems," he stated.
His comments come after Professor Rugg presented a report to the government, recommending reforms on licensing and small-scale regulation - findings which Arla supported.
More borrowers took out buy-to-let mortgages in September than in any month over the last year, according to a survey by Spicerhaart Financial Services this week.
Steve Cox, operations director at the firm, said the findings showed that borrowers did not support speculation that the buy-to-let mortgage sector was running its course because of the current economic crisis in the money markets.
Mortgages for Professionals provides expert mortgage advice for high earning professionals on over 30,000 mortgage types.
