NLA highlights potential impact of buy-to-let mortgage availability

Date:Thursday 20th May 2010
Author: Susanna Kavka

The National Landlords Association (NLA) has highlighted the potential impact of increased availability of buy-to-let mortgages for property investors.

Chris Norris, policy manager at the industry organisation, suggested it should stand to spur landlords in to make new investments.

His comments were made after the body published its landlords' optimism index, which reached its highest level since 2007 with 57 per cent of members polled rating prospects over the next three months as good or very good.

Mr Norris remarked: "Alongside a more positive outlook for their own lettings businesses, landlords are beginning to think more actively about possible acquisitions in the next quarter."

In his view, one worrying thought for people in the sector is the rumour that capital gains tax could be increased by the new coalition government in the UK.

Last week, the NLA revealed it is looking forward to working alongside new housing minister Grant Shapps.