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Landlords are not chasing after fast returns, says poll

Only 9 per cent of landlords cite house price inflation as their main reason for purchasing buy-to-let properties, according to the National Landlords Association.

Forty-six per cent, say it has no influence on ther decision although 45 per cent admit it is a consideration, the NLA’s latest research reveals.

Chairman David Salusbury says the findings fly in the face of accusations that landlords are out to make a fast buck, noting that the majority of respondents claim to be long-term investors, with many looking for income.

However, 20 per cent admitted the bandwagon effect of excitement surrounding the housing market had inf- luenced them to some ext- ent but 44 per cent denied this and 14 per cent strongly disagreed.

Salusbury says the average tenancy lasts 20 months, with nearly 28 per cent lasting for two years or more. Of the 29 per cent of tenancies that less than one year, 42 per cent of those are student lets, which typically run around shorter academic rather than calendar years. Less than 9 per cent of tenancies last longer than three years.

Salusbury says: “For our landlords , owning and letting property is a long-term business proposition rather than a get rich quick scheme where they can make a quick turn on property values.”


The online express

Technology is revolutionising the housebuying process all the way through the supply chain and plays a key role in everything from helping the customer find their perfect property right through to completions.

Purely Mortgages to offer fee from June 1

Purely Mortgages has decided to go from no-fee to low-fee from June 1.Chief executive Mark Chilton says the firm was faced with the decision to either sustain its service levels and USP and change to a moderate fee or go back to a low service proposition without a fee.It wil be charging 195 standard fee […]


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