LANDLORDS REACT TO LATEST BUY TO LET FIGURES
One of the country’s leading voices for landlords in the Private Rented Sector is calling for the Government to do more to support growth in the sector following the publication of the latest buy-to-let mortgage figures.
Commenting following the publication of the data from the Council for Mortgage Lenders, Alan Ward, Chairman of the Residential Landlords Association said:
“Growth in the number of buy-to-let mortgages should be welcomed as the country addresses its housing shortage, but the supply of properties is still falling far short of the increase in demand.
“In its third quarter report last year, Find a Property showed that the number of properties available to rent between June and September fell by 14.5%, with fewer rental properties available than at any time since July 2008.
“There is a housing crisis looming with a shortfall of half a million homes by the next election. With the private rented sector expected to take a greater role in providing housing to those unable to afford a mortgage, those languishing on social housing waiting lists and the homeless, the RLA is calling on the Chancellor to introduce a package of cost-neutral fiscal measures to stimulate growth in the sector.”