Flexible landlords 'will survive' - buy to let mortgages

23 January 2009

Landlords who are willing to be flexible are most likely to emerge from the economic downturn in a strong position, it has been stated.

According to the Residential Landlords Association, the fact that tenants are struggling in the credit crunch does not necessarily mean that those with buy to let mortgages will suffer the consequences.

Director at the body Chris Town noted that opportunities still exist, with knowledge of the local area being key to ensuring that these are maximised.

"There's no doubt in my mind that some will find it really tough, however there is generally a strong demand for rental property in most markets," he said.

Recent figures from the Association of Residential Letting Agents showed that those with buy to let mortgages are choosing to maintain their portfolios.

Last month it revealed that nine out of ten landlords are currently choosing neither to buy new properties or sell existing ones.