The annual Buy to Let Guide published this week reaffirms the need for residential landlords and the private rental sector as prime elements of the housing market and is expected to encourage further sensible investment in the rental sector.
This reflects the view taken in the recent Rugg Report, which stresses the need to encourage small portfolio and individual private residential landlords.
Articles in the Guide demonstrate the consensus view that the Buy to Let market is well placed to withstand the conditions created by the credit crunch, despite the general tightening of mortgage criteria.
The Guide is being published electronically and is also available through members of the Association of Residential Letting Agents (ARLA), mortgage brokers and mortgage lenders.
The new edition, published by ARLA and the Council of Mortgage Lenders (CML), looks at the rental market in today's credit crunch conditions and examines investment in Buy to Let, the tightening of lending criteria and how to find the right mortgage for individual circumstances.
It also examines the market place, external influences and the changing demands for rental property.
The 2008/9 Buy to Let Guide also updates investors on legal obligations, tenancy agreements, insurance cover, tax and the mandatory requirements of tenancy deposit protection.
Ian Potter, Head of Operations for ARLA, said: “In troubled times like these, the health of the private rented sector is vital. This new edition of the very successful ARLA/CML annual guide to investment in the sector will help to keep current investors up-to-date and encourage new and long term investment in a part of the property market that will continue to grow.
“People need to be housed regardless of the kind of tenure they take. This Guide should be required reading for everyone with an interest in the rental market as it is important to understand current market conditions as well as the complexities of being a landlord today.”
To view the new Buy to Let Guide, contact an ARLA member letting agent or go to the link on www.arla.co.uk
