'Situation improving' for buy to let landlords

20 May 2010

Written by Gavin Elley

Buy to let landlords are in an increasingly stable position with a rise in the availability of mortgage products, stable rent and strong tenant demand, according to Chris Horne, editor of Property Hawk.

It seems landlords may be in agreement as a recent survey by the National Landlords Association (NLA) found that optimism was at its highest level in the sector since the end of 2007, with 57 per cent of portfolio investors forecasting a good outlook for their business in the next three months.

"In terms of getting new finance, I think portfolio landlords especially are in an improving position," Mr Horne said.

The expert added that recent government proposals to raise capital gains tax were unlike to affect buy to let landlords with a long-term view, but may deter new investors from entering the market if they do not realise that there are ways of mitigating tax outgoings.

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