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Buy-to-Let Landlords On Top - Letting's News Aug 07

The buy-to-let boom has revolutionised the property industry, and according to one lender this market is set to grow a huge 41 per cent in the next decade.

This is expected as a result of more positive attitudes to renting and also because of the large student and singleton market. Younger generations may also see renting property as a gateway to a flexible lifestyle, and now not becoming a homeowner is more socially acceptable this bodes well for buy-to-let property investors.

The letting industry looks poised to take a pivotal role in the UK housing market in the future according to Alliance and Leicester who released the stement. Mortgage Director for the firm, Stephen Leonard, suggested: "Demand for rented property has been growing steadily in recent years and returns on buy-to-let have increased. This growth is expected to continue - as the number of renters rises further and buy-to-let becomes even more attractive to both existing and potential landlords."

At the moment 8 per cent of all mortgages taken out in the UK are for buy-to-let property investments according to the survey.