25
Feb
Buy-to-let property owners 'will see strong rental demand'
Owners of buy-to-let properties in the UK will see strong demand
among people looking to rent, an expert has said.
Commenting on the issue, Alan Ward, chairman of the Residential
Landlords Association, said the number of individuals seeking to
inhabit such homes will remain strong for the foreseeable
future.
His remarks were made in the wake of the release of figures by
Communities and Local Government, which showed that the number of
households renting privately has risen by around one million since
2001, from 2.1 million to 3.1 million.
Mr Ward stated: "Some [people] are making a lifestyle choice and
renting rather than paying for a more expensive mortgage."
He went on to point out that around £650 would be required to
meet the interest payments on a home loan worth £160,000 and
this would rise to around £1,000 a month for those making
repayments.
This sum would pay for a reasonably sized rental property outside
of London, he noted.
