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Over half of houses will be BTL by 2026

Over 50 per cent of houses will be buy ot let or second homes by 2026, according to property expert David Lawrenson.

Lawrenson, of says the BTL market will increase for several reasons, which he will outline at the Property Investor Show from September 22-24.

He says housing supply will not keep up with housing demand especially if there is no change to inward migration.

He recognises that people will continue to look to property as a secure investment because they see the stock market as too volatile, they feel failed by the life companies over the endowment crisis and do not trust the Government on pensions.

Lawrenson says as owning a home becomes impossible for those who cannot rely on parents for a leg on to the ladder, they will be forced to rent, creating a pool of available tenants and people are attracted to renting for flexiblity reasons.

He says: “Sixty years ago, well over half of all properties in the UK were privately rented. But the years of post war rent controls took their toll and private letting collapsed as a business. Everything changed in the late 80s when new laws made it easier for landlords to recover possession of a property. The proportion of houses in the UK that are rented from private landlords is recovering from a 1980s low of about 9 per cent, but is still only about 11 per cent today. In the long term I think that privately let property will account for a much higher proportion of the housing stock than today. In fact, we could easily see the proportion of property that is either let out or used as second or holiday homes hit 50 per cent of the UK housing stock by 2026.”


Advantage becomes a sole lender

Advantage has today become a sole lender having ceased accepting all new packaging business on behalf of other lenders. It will now concentrate on developing its own set of products, including its shared ownership offering, Flexishare.Advantage managing director Keith Dearling says: Today is a landmark day for Advantage. Everyone has worked hard to get to […]

Packagers give thumbs-up to instant offers

GMAC claims its point of sale system is proving popular with packagers. It says the technology means packagers can save time and resources by providing offers for brokers in a few minutes. GMAC says about 60 per cent of applications will receive instant offers, and this will increase over time.Packager Enterprise Groups Michael Clapper says: […]

FSCS says it’s braced for BIA complaints

The Financial Services Compensation Scheme is bracing itself for a flood of comp- ensation claims after receiving almost 300 in less than a week since Berkeley Independent Advisers was declared in default. The FSCS says it is aware of at least 300 current or expected misselling complaints against the BIA network. It says around 250 […]

Foresters fined for promotion failings

The FSA has fined The Ancient Order of Foresters Friendly Society 55,000 for financial promotion failings. The firm is run by Financial Services Practitioner Panel chairman Mark Rothery.

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]


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