Obstacles for buy to let sector 'must be removed'

24 March 2010

Written by David Whittaker

The buy to let sector should be encouraged to flourish because the UK is lacking in good quality housing.

And obstacles that may put-off buy to let investors must be removed, according to a spokesperson for the National Approved Letting Scheme.

In order to help landlords, the government should "only regulate with a very soft touch".

"The government desperately needs the private investor into the private rented sector," the spokesperson continued.

House prices could be pushed up if the buy to let industry does not perform to its full potential, he added.

The comments follow reports from the Association of Residential Letting Agents (ARLA) that any "prohibitive barriers" for landlords - such as stamp duty - should be removed.

ARLA also recommended increasing the Landlords Energy Saving Allowance so that installing central heating systems would be included.

In January the British Property Federation claimed that private landlords were the only way to fill a housing gap that had been created by a lack of new builds and investments.

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