Buy-to-let mortgage holders need state help, says NLA

Date:Thursday 21st October 2010
Author: Susanna Kavka

The government must offer some support for buy-to-let mortgage holders if the private rental sector is going to cope with the level of demand in the UK, according to the National Landlords Association (NLA).

David Salusbury, chairman of the organisation, claimed the social housing industry is not going to cope with the number of people looking for affordable properties.

This means that the private rental sector could have more people to cope with.

"The government must now put in place a strategy to incentivise the growth of the private rented sector and support professional landlords in providing much-needed homes to rent," remarked Mr Salusbury.

According to the NLA spokesperson, another area that requires urgent state intervention is regarding cuts to local housing allowance, which could cause additional problems for people trying to cover the cost of their home.

Meanwhile, Citizens Advice chief executive Gillian Guy suggested the private rental sector is "expensive" and requires more regulation.