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Encourage Private Landlords - Latest Buy to Let Guide Reflects
Rugg Review - 24 November 2008
The annual Buy to Let Guide published today, November 24, reaffirms the need for
the private rental sector as a prime element of the housing market.
It is in two formats and is expected to encourage further sensible investment
in the rental sector. This
reflects the view taken in the recent Rugg Report, which stresses the need to
encourage small portfolio and individual private landlords The
annual Buy to Let Guide published today, November
24, reaffirms the need for the private rental sector as a prime element of the
housing market. It is in two formats and is expected to encourage further sensible
investment in the rental sector. This reflects the view taken in the recent Rugg
Report, which stresses the need to encourage small portfolio and individual private
landlords. Available
on newsstands with Your Mortgage magazine,
the Guide is also published electronically and is available through ARLA letting
agents, mortgage brokers and mortgage lenders. It is published under the auspices
of the Association of Residential Letting Agents and the Council of Mortgage Lenders.
The
new edition looks at the rental market
in today's credit crunch conditions and examines investment in Buy to Let, the
tightening of lending criteria and how to find the right mortgage for individual
circumstances. It
also examines the market place, external influences and the changing demands for
rental property. The
2008-09 Buy to Let Guide also updates investors on legal obligations, tenancy
agreements, insurance cover, tax and the mandatory requirements of tenancy deposit
protection. Said
Ian Potter, Head of Operations for ARLA, "In troubled times like these, the health
of the private rented sector is vital. This new edition of the very successful
ARLA/CML annual guide to investment in the sector will help to keep current investors
up-to-date and encourage new and long term investment in a part of the property
market that will continue to grow. People need to be housed regardless of the
kind of tenure they take. "This
Guide should be required reading for everyone with an interest in the rental market
as it is important to understand current market conditions as well as the complexities
of being a landlord today." Articles
in the Guide demonstrate the consensus view that the Buy to Let market is well
placed to withstand the conditions created by the credit crunch, despite the general
tightening of mortgage criteria. To
view the new Buy to Let Guide, contact an ARLA member letting agent or click
here to view the guide Source
ARLA See
also ARLA
Welcomes Rugg Review on the Private Rented Sector - 24 October 2008 and
Rugg
Review marks major watershed in attitudes Amateur
landlords need to exercise caution, warns ARLA's Ian Potter - 18 November 2008 Ian
Potter gives his thoughts on the RICS
Residential Lettings Survey Q3 2008. The
rental market is clearly very robust in certain parts of the country but this
trend is far from being uniform and, in fact, it could not even be said that it
is a standard trend across certain cities. In London, for example, there is a
huge discrepancy in the strength of rentals from area-to-area. Many
landlords have entered the lettings market
in the last year without perhaps planning to do so and have taken this step out
of necessity rather than desire. I would urge these amateur landlords to exercise
caution and to research as much as possible as it is a position of no little responsibility.
It is imperative that they seek out a regulated agent who is in a position to
give them strong and independent advice, and who can protect funds that are being
held on their behalf under client money protection schemes. Source ARLA
See
also ARLA’s
Response to the Law Commission Report August 2008 &
The
Law CommissionHousing: Encouraging Responsible Letting Back
to Property Articles Back
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