Private landlords with large portfolios are bucking negative speculation about oversupply in the private rented sector driving down their rental yields, it has been suggested.

Julie Woolfenden from the National Landlords Association was quoted by the South Wales Evening Post as stating that market crowding is more likely to be a problem affecting those new to renting.

"Whereas professional landlords can choose the ideal location, these reluctant landlords are stuck. They don't have any options and might be bringing the rents down in some areas,"she said.

Her comments come after some homeowners have opted to rent out their properties rather than sell at a significant loss following the house price slump in the UK property sector during 2008.

Ms Woolfenden's views supported a recent study of the private rented sector by industry analysts Business Development Research Consultants, which found that 100 per cent of buy-to-let mortgage borrowers with 20 or more properties were making profits.

These private landlords were taking advantage of falling house prices, repossessions and sale and rent back schemes to add homes to their portfolios and secure more tenancy agreements, the firm revealed.ADNFCR-2002-ID-19035273-ADNFCR

Related posts:

  1. Professional landlords enjoying high profits, study finds
  2. Private landlords ‘making profits’
  3. Tenants ‘in it for the long term’
  4. FSA regulation will improve standards, expert suggests
  5. Rents fall due to oversupply of properties

Leave a Reply

You must be logged in to post a comment.

HOME