Private rented sector faces tougher 2010

clock

Next year is likely to present an even greater challenge for the private rented sector (PRS) than seen in 2009, according to the Association of Residential Letting Agents (ARLA).

Increasing numbers of landlords defaulting on their mortgage repayments will pose a threat to tenants, while problems with the Local Housing Allowance (LHA) system will result in more tenants failing to make their mortgage repayments. Both landlord and tenant defaults and arrears will be compounded by rising unemployment. Ian Potter, operations manager at ARLA, says rising demand, driven by a lack of social housing, will lead to pressure on the sector to provide good quality rental properties. He adds: "There has been little commitment from the Government thus far on economic measu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Buy-to-let

SimplyBiz launches buy-to-let adviser support service

SimplyBiz launches buy-to-let adviser support service

Supporting advisers with landlord clients

Jenna Brown
clock 20 January 2022 • 2 min read

Abbey to distribute all retail products through brokers; confirms BTL launch

Abbey for Intermediaries has revealed plans to distribute all of its core retail financial products through brokers and confirmed its much-speculated entry into the buy-to-let sector.

clock 17 October 2011 •

Mortgage broker and estate agent admit £1m BTL scam

Three men, including a financial adviser and an estate agent, have confessed their involvement in a buy-to-let property scam worth more than £1m.

IFAonline
clock 13 September 2011 •