The UK government must offer support to buy-to-let mortgage holders if the private rental market is going to cope with the demand level in the country, said the National Landlords Association (NLA).
David Salusbury, chairman of the NLA, noted that the social housing market is unlikely to cope with the number of households looking for affordable homes. This means the private rental market could have more 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,” said Mr. Salusbury.
A spokesperson from the NLA said another area that needs urgent state’s attention is the reduction of local housing allowance, which could cause problems for people households trying to cover the cost of their homes.
Meanwhile, Gillian Guy, chief executive of Citizens Advice, suggested that the private rental market requires more regulation, as it is becoming more “expensive”.