NLA - Arrears figures demonstrate market resilience

Recently-published mortgage arrear figures have demonstrated that the private rented sector has shown "resilience" during "difficult times".

This is the view of the National Landlords Association (NLA), which said the buy-to-let market has proven to be "robust" during the economic downturn.

The comments follows the publication of a Council for Mortgage Lenders quarterly report, which revealed a reduction in the number of buy-to-let landlords in arrears and a fall in the amount of repossessions of buy-to-let properties.

Commenting on the figures, Simon Gordon, head of communications at the NLA, said: "It is encouraging to see the total number of buy-to-let repossessions remain a small percentage of the market, at 0.46 per cent of the total book, similar to the annual rate for the residential mortgage market.

"Clearly, the figures suggest the buy-to-let market is far more robust than originally feared. The government should take note of this when considering whether regulation is really necessary."

Get a buy-to-let property insurance quote today from Simple Landlords Insurance.