13
Nov
Arla optimistic over buy-to-let market
The Association of Residential Lettings Agents (Arla) has welcomed
the latest figures published by the Council of Mortgage Lenders
(CML), which demonstrate that confidence is returning to the
buy-to-let market.
CML statistics found that the level of lending in the buy-to-let
sector has grown for the first time in two years.
Commenting on the rise, Ian Potter, operations manager of the
association, said: "[The figures] suggest that the market is
getting back on its feet following two years of pain through a lack
of lending from high street banks."
However, Arla agreed with the CML's assertion that the market had
faced some big challenges throughout the recession.
Meanwhile, Paragon Mortgages has described the report as a
demonstration of the resilience of the buy-to-let sector.
The company's managing director commented that the market had
proved it could adapt and cope with significant changes to the
economic environment.
He added that the figures cast doubt over speculation that
buy-to-let is a "risky" product.
