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Encourage Private Landlords - Latest Buy to Let Guide Reflects Rugg Review - 24 November 2008

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Encourage Private Landlords - Latest Buy to Let Guide Reflects Rugg Review - 24 November 2008

The annual Buy to Let Guide published today, November 24, reaffirms the need for the private rental sector as a prime element of the housing market.

It is in two formats 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 landlords

The annual Buy to Let Guide published today, November 24, reaffirms the need for the private rental sector as a prime element of the housing market. It is in two formats 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 landlords.

Available on newsstands with Your Mortgage magazine, the Guide is also published electronically and is available through ARLA letting agents, mortgage brokers and mortgage lenders. It is published under the auspices of the Association of Residential Letting Agents and the Council of Mortgage Lenders.

The new edition 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 2008-09 Buy to Let Guide also updates investors on legal obligations, tenancy agreements, insurance cover, tax and the mandatory requirements of tenancy deposit protection.

Said Ian Potter, Head of Operations for ARLA, "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."

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.

To view the new Buy to Let Guide, contact an ARLA member letting agent or click here to view the guide

Source ARLA

See also ARLA Welcomes Rugg Review on the Private Rented Sector - 24 October 2008

and Rugg Review marks major watershed in attitudes

Amateur landlords need to exercise caution, warns ARLA's Ian Potter - 18 November 2008

Ian Potter gives his thoughts on the RICS Residential Lettings Survey Q3 2008.

The rental market is clearly very robust in certain parts of the country but this trend is far from being uniform and, in fact, it could not even be said that it is a standard trend across certain cities. In London, for example, there is a huge discrepancy in the strength of rentals from area-to-area.

Many landlords have entered the lettings market in the last year without perhaps planning to do so and have taken this step out of necessity rather than desire. I would urge these amateur landlords to exercise caution and to research as much as possible as it is a position of no little responsibility. It is imperative that they seek out a regulated agent who is in a position to give them strong and independent advice, and who can protect funds that are being held on their behalf under client money protection schemes. Source ARLA

See also ARLA’s Response to the Law Commission Report August 2008 & The Law CommissionHousing: Encouraging Responsible Letting

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