Buy-to-let landlords are remaining “resilient” despite being “battered and bruised” by changes to regulations in the private rented sector, The Specialist Lending Event (TSLE) heard.
Nick Parker (pictured), head of intermediary distribution at Aldermore, spoke at the event in Birmingham where he said laws that had been introduced had made the private rented sector “less profitable and less easy” to navigate.
He said amid the change, the sector had still seen growth. Figures from the Office of National Statistics revealed the private rental sector had increased from 2.8 million households in 2007 to 4.5 million in 2017.
“There is still a great demand for the service landlords provide so there is still a yield opportunity to be had and property remains a strong long-term investment,” he said.
Parker added: “The private rented sector is better for the choice and quality private landlords provide it.”
Keeping in touch
Parker also said it was the responsibility of lenders and brokers to update landlord clients on regulatory changes.
“Landlords feel punished for simply running a business – a business that provides an important service for people. Landlords will need continual backing and advice from lenders and the wider industry so they can provide choice, diversity and quality in housing,” he added.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS